22

Agriculture Credit

K. P. Mani

22.1 Introduction

Agriculture production depends on factors like the availability of land, quality seeds, irrigation facilities, the application of fertilizers and timely availability of credit, and a host of other factors. Credit is a critical input for revitalizing agriculture. Starting from the All India Rural Credit Survey Committee in 1954, the necessity for credit delivery system is overemphasized. Later, a number of other committees also looked into the matter. Over the years, India adopted a multi-agency approach for providing agriculture credit. The major agencies which provide agriculture credit are the cooperatives, the Regional Rural Banks (RRB) and the commercial banks. These agencies provide credit ...

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