ISBN 9789322008321,Agricultural Banking : Getting The Perspective Right

Agricultural Banking : Getting The Perspective Right


Konark Publication



Konark Publication

Publication Year 2013

ISBN 9789322008321

ISBN-10 9322008326

Hard Back

Number of Pages 236 Pages
Language (English)

Banking & finance: study & revision guides

Door step financing for every need of the farmer at the right time involves proper insights into the process and empathy with the farmer, full knowledge and understanding of his requirements for farm operations, consumption and investment. In spite of more than 100 years of rural cooperatives and over 40 years of commercial bank lending, such insights were not at par with the money lenders residing in the village. Indigenous bankers, as they can safely be termed, proved their indispensability as they give money on trust and not on the basis of security or guarantee they offer. This book is a collection of select articles written by the author in prominent dailies like The Hindu, Business Line, Financial Express and journals like the Journal of Rural Development, Economic and Political Weekly, Asian Economic Review, inclusion among others that provide a history of agricultural banking in the post-independent India. The articles give a perspective as to how the policies have been shaped in the field of agricultural banking. The share of agriculture in GDP has fallen to 12 percent and yet keeping nearly 60 percent of persons depend on it. Farmers are still becoming victims of excessive interest rates and burden of private debt and therefore, the right perspective of institutional lending for agriculture assumes importance. The author has provided insights into how the policies for agricultural banking has evolved over the years and how they are shaping up today. He feels that there is a yawning gap between the post liberalization and post nationalization agricultural and rural credit and requires proper orientation towards the farmers. Historical perspective would enable present day bankers to view the emerging requirements right and the policy makers to see the need for integrating policy perspectives of agriculture credit, agricultural marketing, organized retail marketing, value chain management and world trade in agriculture, cooperatives and food security as a web of activities. It is a must read for academicians, policy makers, policy consultants, cooperators, bankers and other stakeholder groups.