Status quo of institutional financial services to smallholder dairy farming of Tamil Nadu, India – A case study
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Date
2016
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Abstract
For millions of households in rural India, smallholder dairying is one of the important livelihood
options. This has been identified as one of the tool to move out from poverty. Thus sustaining
smallholder farmer in dairying profession becomes mandate. For this, wide ranges of support
ecosystem, including financial services are essential. This study makes an attempt to understand
the status of financial services of smallholder dairy farmers in Tamil Nadu, India through direct
interview of 410 dairy farmers.
This study found that the reachability of institutional financial services were limited. Even after
entry of private banks, micro financial institutions to the existing pool of institutional financial
service providers (public sector and co-operative banks) in the post liberation era, non
institutional lenders such as milk vendors and agents and money lenders have substantial roles in
providing credit to dairying with high interest rates.
Description
TNV_LRRD_2016_28(11)1-6
Keywords
Veterinary Science