Importance of Agricultural Credit
Agricultural credit plays a vital role in farm sector development and facilitates adoption of new technologies. Agricultural credit facilitates maintenance of agricultural production by allowing producers to meet their credit need during the entire cycle of crop production and at the same time provides funds for investment purposes. However, any amount of credit, even at the most reasonable rate, cannot guarantee higher productivity or adequate income among the farmers, as success depends upon many other supporting factors, including the availability of agricultural inputs, services, and remunerative markets for the products (RBI 2019). Stable conditions of agricultural production ...
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