DYNAMICS OF RURAL INDEBTEDNESS IN INDIA
| Author(s) | : | Rama Kanta Sahu |
| Institution | : | Research Scholar, Department of Business Administration; Utkal University, Vanivihar, Bhubaneswar, Odisha -751004, India |
| Published In | : | Vol. 5, Issue 4 — April 2018 |
| Page No. | : | 2485-2493 |
| Domain | : | Engineering |
| Type | : | Research Paper |
| ISSN (Online) | : | 2348-4470 |
| ISSN (Print) | : | 2348-6406 |
This paper explores the dynamics of indebtedness amongst the farm household living in rural India. Thestudy is based on the state level data obtained from the 70th round survey of National Sample Survey Organisation(NSSO) conducted in agricultural year 2012 to 2013. The study aims to analyze the dimensions and patterns ofindebtedness and causal factors behind it. In terms of access to credit, seen through the extent of indebtedness, most ofthe indebted farmers belong to the small and marginal categories, poor farmers with lower land holdings are much moredeprived of formal sources of credit than the comparatively richer ones. Nevertheless, it is heartening to note that loansare taken mostly for income generating purposes; but it also indirectly implies that the poor are not getting access toformal sources of credit even for the income generating purposes. The research concludes that the major factors thatlead to indebtedness. This situation demands urgent attention of the government, policy makers and planners to save thefarmers from committing suicide and to re-boost the agricultural economy of the country.
Rama Kanta Sahu, “DYNAMICS OF RURAL INDEBTEDNESS IN INDIA”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 5, Issue 4, pp. 2485-2493, April 2018.
