Impact Analysis of Institutional Credit on Agricultural Output in India
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Author: Ghanshyam Pandey , Jagriti Jaiswal , and Seema Kumari
Author Address: Assistant Professor, and Post Doc Fellow (NABARD), Department of Economics, SLASS, SRM University, Neerukonda, Mangalagiri Mandal, Mangalagiri-522240 Guntur District, (Andhra Pradesh), and Assistant Professor (Guest) Department of Humanities, Delhi Techno
Keywords: Agriculture, agricultural growth, institutional credit, workforce.
JEL Codes: Q10, Q12, Q14.
Abstract
This
paper examined the major contribution of institutional credit for agriculture
development after the green-revolution period in India. The total institutional
credit for agriculture registered a significant growth rate at 8.74 per cent.
However, credit from RRBs grew at the highest growth rate at around 14 per cent
in the last 50 years. The results showed that the share of Scheduled Commercial
Banks had emerged as the dominant source of agricultural credit in India. In
contrast, the share of commercial banks in the total credit declined over the
period. The result of the regression model also showed that the overall institutional
credit for agricultural and other institutional sources of agricultural credit
(cooperatives, RRBs, and SCBs) was statistically significant for the overall agricultural
output growth in India.
Description
Indian Journal of Economics and Development
Volume 18 No. 3, 2022, 700-706
DOI: https://doi.org/10.35716/IJED/22213
NAAS Score: 5.15 (2022)
Indexed in Clarivate Analytics (ESCI) of WoS
Indexed in Scopus (SJR: 0.18)
UGC Approved (UGC-Care List Group II)