Evaluating the Magnitudes of Finance Availed by Farmers from Different Financial Agencies in the North-East Indian State of Tripura
Poulami Ray *
Division of Dairy Economics, Statistics and Management, ICAR-National Dairy Research Institute, Karnal-132001, Haryana, India.
Bhagirath Das
ICAR-Indian Agricultural Research Institute-Assam, Dirpai Chapori, Gogamukh, Assam-787035, India.
*Author to whom correspondence should be addressed.
Abstract
The current research was carried out in the West Tripura district of Tripura to examine the magnitude of agricultural financing availed by borrowers. A total of 120 farmers were chosen by implementing a multistage random sampling design to conduct a comprehensive analysis. Sector-wise advances of banks in West Tripura showed an increasing trend, and the percentage share to the agricultural sector was 34.27 %, whereas it was 65.72 % in the non-farm sector in 2020-21. The amount of loans availed by sample borrowers from Regional Rural Bank (42.88%) was the highest, followed by public sector banks (34.48%), cooperative banks (19.80%) and least from private sector banks (1.84%). Loans for both crop and allied activities were obtained by the beneficiaries from the selected bank branches of the district.
Keywords: Agricultural credit, finance, evaluation, Regional Rural Bank (RRB), credit advances, institutional lending agencies