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Subject: Sociology × End date: 2017 × Start date: 2017 × Type: Thesis ×
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    Institutional loan among farmers of Haryana - A sociological analysis
    (CCSHAU, 2017) Ruchi; Subhash Chander
    In finance, the word institutional loans refers to the lending of money from the institutions like banks, co-operative societies or any other organization. Loan is a debt provided an entity to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging and date of repayment. A loan entails the reallocation of the subject asset for a period of time, between the lender and the borrower. Institutional loan is increased in rural Haryana. The study was concluded among 160 respondents. From Hisar district in one block Hansi and Channot and Bhatla villages and from district Kaithal one block Kalayat and the villages Kurar and Kheri Lamba. The study was conducted with the objective, to know the nature, extent, and sources of institutional loans among farmers, to examine the causes of debtedness, utilization and repayment pattern of institutional loan and to analyses the constraints faced by farmers during pre and post -debted situation. The study concluded that most of the respondent were from middle age group (35-50) and the majority had farming occupation with joint family. They had medium size of family. Majority of the respondent had medium mass media exposure. The study also concluded that majority of the respondents took the crop loan and took the loan from the commercial banks as compare to co-operative or another banks. Purpose of the loan taken the respondents (67.50%) was for crop expenses. 62.76% of the respondents took the crop loan up to 1.5 lakh and 20.69% of the respondents took the term loan above Rs. 3lakhs. And 61.25% took the loan at 4 to 7% rate of interest. Respondents took the short type of institutional loan from the banks and the respondents (54.26%) repaid the crop loan regularly. On the other hand, 29.73% respondents repaid the term loan irregularly. Reasons of the non-repayment of the institutional loan were inadequate income, high cost inputs, high interest rate, indebtedness and social ceremony, etc. Many of the respondents had problems after taking the institutional loan like low production, psychological stress and poverty. Majority of the respondents (45%) mis-utilized the institutional loan as they specified. They mis-utilized the institutional loan in increased land on lease, repayment pattern of old loan, performed social ceremony, household expenses, etc.