The Role of Agricultural Finance in Sustainable Rural Development: Sources, Structure, and Challenges in India

Authors: NEETU SHARMA

Country: India

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Abstract: Credit is indispensable for every sector of the economy to grow. It provides additional oxygen to breath for better health of the economy. Schumpeter referred to ‘Credit’ as a phenomenon of development and considered the banking system along with entrepreneurship as a key input in the process of development. The succinctly brings out the importance of credit an input in development. Though credit in every sector of the economy is indispensable yet its role in agriculture is crucial. Agricultural credit has played a great role in increasing the agriculture production and also to improve the standard of living of rural population. In other words, agricultural credit may be defined as the amount of investible funds made available for farm business. In fact, it is a unique source since it provides the opportunity to use additional inputs and capital items now and to pay the cost from future earnings.

Keywords: Sustainable, phenomenon, opportunity

Paper Id: 232750

Published On: 2022-10-06

Published In: Volume 10, Issue 5, September-October 2022

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