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Agricultural Credit In India 2017. Until 1935 the major sources of funds for the farmers were the professional money lenders. The Indian farmers require credit to meet their short term needs viz purchasing seeds fertilizers paying wages to hired workers etc. Number Membership and Financial Position of State Co-operative Agriculture Rural Development Banks All India 448. More under black money segment in pillar-2 Budget 2017.
13 Agriculture Gross Value Added GVA As per the Provisional Estimates released by Central Statistics Office CSO Ministry of Statistics Programme Implementation on 31052017 agriculture and allied sectors contributed approximately 174 percent of Indias GVA at current prices during 2016-17. Due to their unduly high rate of interest farmers were heavily burdened with debts which lead to the. 2003 and 70th round ie. For a period of less than 15 months. Has given 60 days interest waivers to farmers on account of demonetization. Agriculture and allied activities.
All India Debt and Investment Survey and NSSO.
Changing Profi le and Regional Imbalances remained high. Repayment of Agricultural Credit in Karaikal District India R. This share has steeply declined from 406 per cent in 1972-73 to as low a fi gure as 188 per. However the persistence of money lenders in the rural credit market is still a major concern. Agricultural credit plays a role in influencing the purchase of agricultural inputs by farmers. 2003 and 70th round ie.