Abstract
Banks perform many checks on a loan seeker before sanctioning a loan. Even then, there are loan defaulters who don’t pay the loan amount for a long time. This study aimed to understand their profile and behavior. This study finding are based on the survey conducted among 150 loan defaulters of The Gujarat State Co-Operative Agricultural & Rural Development Bank Ltd. (GSCARDB), from three different regions of Gujarat. This study was conducted in six districts of Gujarat State. Descriptive analysis, correlation analysis, Chi-Square test and Analysis of Variance (ANOVA) are carried out. The study findings shows that most loan defaulters are over aged (>45 years) having more years of experience in agriculture. They have not gone through any kind of training. They have taken loan for a medium to lengthy period (3 to 5 years and more). It is further observed that age, experience in agriculture, income per annum and number of times loan borrowed have no significant impact on the loan overdue amount. The loan defaulters from the three regions of Gujarat State behave similarly with no significant difference in terms of their opinion on overall loan services rating on the GSCARD bank.
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