AN ECONOMIC ANALYSIS OF FARMERS’ INDEBTEDNESS IN VISAKHAPATNAM DISTRICT OF ANDHRA PRADESH

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dc.contributor.advisorRAMA RAO, I.V.Y.
dc.contributor.authorAMRUTHA, SAVARAM
dc.date.accessioned2020-01-21T11:07:08Z
dc.date.available2020-01-21T11:07:08Z
dc.date.issued2018
dc.descriptionD5760en_US
dc.description.abstractAgriculture and natural calamities are going at tandem since time immemorial. But, its severity is increasing now-a-days, thereby, negatively affecting the agriculture production prospects and making the farmers to end up in a debt trap. This led some of the farmers to commit suicides in many states including agro-potential states like Andhra Pradesh, Punjab, Tamil Nadu, Karnataka, Maharashtra etc. The problem of indebtedness is an age-old and the disheartening is that it has aggravated further in the recent years. The present research study entitled, “An Economic analysis of Farmers‟ Indebtedness in Visakhapatnam district of Andhra Pradesh” was taken up with the objectives: to study the extent and magnitude of agricultural credit to the farmers in Visakhapatnam district; to analyse the factors responsible for indebtedness of farmers; to study the impact of Loan Waiver Scheme on farmers and lending agencies and to study the constraints faced by farmers in repayment of loans. In Andhra Pradesh, Visakhapatnam district was selected purposively. Major sources of institutional credit were cooperative and commercial banks. Hence, District Cooperative Central Bank (DCCB) for cooperative sector and State Bank of India (SBI) for commercial sector were selected. The sampling framework consists of one district viz., Visakhapatnam, two institutions viz., DCCB (Co-operative sector) and SBI (Commercial sector), four branches (two each from DCCB and SBI) viz., Kaspa jagannadhapuram and Madugula of DCCB and Kodavatipudi and Narsipatnam ADB of SBI, 30 farmers (15 beneficiaries and 15 non beneficiaries from ADWDRS) from each branch. Thus, in total the sample size was 120 farmer-borrowers. Results emerged-out from analysis revealed that, credit supply by institutional agencies to total agriculture had increased. The share of commercial banks and cooperative banks had increased, whereas, other banks had decreased. Significance of dummy variable for loan waiver scheme in the analysis of factors responsible for indebtedness of farmers shows that there is significant difference between beneficiaries and non-beneficiaries. Other significant independent variables taken into account are viz., Land holding, family expenditure and farming experience. xiv The impact of Loan waiver scheme on lending agencies: Institution wise showed that over dues of the debt waived borrowers and debt relieved borrowers were higher in commercial banks than co-operative banks. While, in borrowers the overdue was higher in debt relieved borrowers than debt waived borrowers. Benefit of ADWDRS (2014-2017) was extended higher by co-operative banks than commercial banks. While, in borrowers debt waived borrowers benefited more than debt relieved borrowers. The major constraints in repayment of debt were adverse climatic conditions, small size of land holdings, rising cost of cultivation, high rate of interest etc. The role of cooperative sector vis-à-vis commercial sector is low. This needs immediate strengthening of co-operative institutions on war-footing. The cumbersome procedure for availing loans from institutional sources should be simplified and further adequate loans should be provided at affordable rates of interest. The educational level and farm experience had positive associations with repayment of debt; there is greater need to educate the farmers on skills of crop rising to improve the productivity. Family expenditure and farming experience were found significant; the policy makers should take into consideration of these factors to formulate the policies in alleviating the debt. The adverse climatic factor was the major factor in non-repayment of debt, hence, government should take necessary measures to speed-up the compensation mechanism, as all crop loanees are insured.en_US
dc.identifier.urihttp://krishikosh.egranth.ac.in/handle/1/5810141480
dc.keywordsECONOMIC ANALYSIS, FARMERS INDEBTEDNESSen_US
dc.language.isoen_USen_US
dc.pages153en_US
dc.publisherAcharya N G Ranga Agricultural University, Gunturen_US
dc.research.problemAN ECONOMIC ANALYSIS OF FARMERS’ INDEBTEDNESS IN VISAKHAPATNAM DISTRICT OF ANDHRA PRADESHen_US
dc.subAgricultural Economicsen_US
dc.subjectnullen_US
dc.themeAN ECONOMIC ANALYSIS OF FARMERS’ INDEBTEDNESS IN VISAKHAPATNAM DISTRICT OF ANDHRA PRADESHen_US
dc.these.typeM.Scen_US
dc.titleAN ECONOMIC ANALYSIS OF FARMERS’ INDEBTEDNESS IN VISAKHAPATNAM DISTRICT OF ANDHRA PRADESHen_US
dc.typeThesisen_US
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