MICRO FINANCE INSTITUTION AND MARGINALIZED FARMERS IN INDIA: ISSUES AND CHALLENGES
DOI:
https://doi.org/10.29121/shodhkosh.v5.i6.2024.4769Keywords:
Credit, Finance, Marginalised, Debit, Farmers, Problems And ChallengesAbstract [English]
Agricultural financing is a critical component of all agricultural development operations aimed at improving the productivity. Farmers must have access to sufficient and timely financing for irrigation, farm mechanisation, and land expansion. The present study is based on secondary sources and try to understand the issues and problems which the farmers are facing with regard to micro finance. In India, it has been observed that most of the farmers are marginal, small and semi-medium as per the agriculture census 2011-12. According to NSSO (70th round) around 52 per cent of the farm households remained indebted in India as a whole of which the state of Andhra Pradesh had the highest share of indebted agricultural households in the country (92.9 per cent) and Tamil Nadu (82.5 per cent).
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