FINANCIAL INCLUSION AMONG THE MARGINAL AND SMALL FARMERS IN LUDHIANA DISTRICT OF PUNJAB
| dc.contributor.author | Sitang, Nanung | |
| dc.date.accessioned | 2017-02-16T06:34:43Z | |
| dc.date.available | 2017-02-16T06:34:43Z | |
| dc.date.issued | 2011 | |
| dc.description.abstract | The study entitled „Financial Inclusion among marginal and small farmers in Ludhiana district of Punjab‟ aimed at studying the over time flow of formal agricultural credit, extent of formal credit facilities and reasons for financial inclusion/exclusion by the respondents in the district. Two stage stratified sampling technique was used with block as first stage sampling unit and village as second unit. Two farm categories were considered based on their operational holdings, i.e. marginal and small farmers. From each village, 50 marginal and small farmers were randomly selected, thus forming a sample of 100 farmers. The study indicated a significant increase in the institutional agricultural flow in the district during the last ten years. However, the total and per holding agricultural credit advances at constant prices were lower as compared to the current prices. Only 2.40 per cent and 5.74 per cent was the share of formal credit system in the creation of farm assets and purchase of farm livestock of the respondents, respectively. The average operational holding of the respondents was 3.96 acres. Only the marginal farmers were found leasing out their land due to considerably small land holding with comparatively high operational costs. The level of income was found to be low thus; expenditure level and level of savings were also low. Seventy five per cent of the farmers reported low income as the main discouragement factor from having a frequent and healthy links with formal credit systems. Majority of the farmers were found taking short-term loans, few medium term loans, while none of them took long term loans. Ten per cent of the respondents were found to be financially excluded from the various formal credit sources, in the study area. The analysis brought out that the number of respondents financially inclusive up to the extent of one level were more in the Mangat block than in Pakhowal block while up to the extent of level two was more in the Pakhowal than in Mangat block. Overall, about 85 per cent was the share of institutional credit and about 15 per cent was the share of non-institutional credit in total credit. Majority of these farmers were account holders in co-operative banks, while few had savings accounts in the commercial banks. The selected farmers of Pakhowal block were more aware and had better access to credit institutions than the Mangat block. Only 58 per cent of the selected farmers had KCC. Low income, complicated and time consuming procedures, bribes to patwaris and agents, unawareness, high rate of interest, easy access to non-institutional credit sources, illiteracy, poor and difficult physical access, absence of rural branches and hostile staff behavior were reported as the major constraints of financial inclusion by the respondents. | en_US |
| dc.identifier.uri | http://krishikosh.egranth.ac.in/handle/1/5810001172 | |
| dc.keywords | Financial Inclusion, Financial Exclusion, Marginal Farmers, Small Farmers, Institutional Credit, Non-Institutional Credit, Lead Bank, Agricultural Credit | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Punjab Agricultural University, Ludhiana | en_US |
| dc.sub | Agricultural Economics | en_US |
| dc.subject | economics, biological phenomena, resins, productivity, technological changes, exhibitions, developmental stages, marketing, biological development, selection | en_US |
| dc.theme | Farmers | en_US |
| dc.these.type | M.Sc | en_US |
| dc.title | FINANCIAL INCLUSION AMONG THE MARGINAL AND SMALL FARMERS IN LUDHIANA DISTRICT OF PUNJAB | en_US |
| dc.type | Thesis | en_US |