Abstract
Among all sectors, the agriculture sector will be the pillar stone for sustainable economic growth. Agriculture credit shows the pivotal role for efficient agricultural transactions. The study investigates the role of agriculture credit in India’s agricultural credit through various economic analyses. The data was collected from various government websites such as RBI, Ministry of Statistics and Programme Implementation of India, Economic Survey of India. The results observed that institutional credit has a positive correlation with fertilizers consumed whereas consumption had a negative correlation with agricultural produces. The results further stated the co-integration and the Johansen-Juselius maximum likelihood tests the long-run positive association between India’s agricultural GDP and agricultural credit and increased Agricultural GDP drives agricultural credit. Finally, the policy implication on two perspectives as to encourage institutional credit arrangement to reach farmers with easy operational facilities across the nation and non-institutional credit need to marginalize the informal sources.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Asian Journal of Agricultural Extension, Economics & Sociology
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
