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International Journal of Current Microbiology and Applied Sciences (IJCMAS)
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National Academy of Agricultural Sciences (NAAS)
NAAS Score: *5.38 (2020)
[Effective from January 1, 2020]
For more details click here

ICV 2019: 96.39
Index Copernicus ICI Journals Master List 2019 - IJCMAS--ICV 2019: 96.39
For more details click here

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PRINT ISSN : 2319-7692
Online ISSN : 2319-7706
Issues : 12 per year
Publisher : Excellent Publishers
Email : editorijcmas@gmail.com / submit@ijcmas.com
Editor-in-chief: Dr.M.Prakash
Index Copernicus ICV 2018: 95.39
NAAS RATING 2020: 5.38

Int.J.Curr.Microbiol.App.Sci.2020.9(9): 2593-2601
DOI: https://doi.org/10.20546/ijcmas.2020.909.324


Growth of Agricultural Credit in India: Before and after introduction of Kisan Credit Card
N. Naveen1*, R. Senthilkumar2, T. Rajendran3 and R. Gangai Selvi4
1Agricultural Economics, Department of Social Sciences, Agricultural College and Research Institute, Killikulam, Thoothukudi, Tamil Nadu, India
2Agricultural Economics, Department of Social Sciences and Academic Coordinator in Education cell
3Agricultural Economics, Department of Social Sciences
4Statistics, Department of Social Sciences, Agricultural College and Research Institute, Killikulam, Thoothukudi, Tamil Nadu, India
*Corresponding author
Abstract:

Credit is an important input for agriculture, without credit no operation of agriculture can be continued. The important objective of the study was to find out the growth of agricultural credit before and after the introduction of kisan credit scheme (KCC). Compound Growth Rate was used to find the growth rate of credit. The result showed that the total credit disbursement increased from 44.55 billion in the TE 1977 to 9421.97 billion in the TE 2016 at a compound growth rate of 18.08 per cent. The compound growth rate of long term loan of co-operatives after the introduction of Kisan credit card decreased. The compound growth rate of credit disbursed by both Scheduled commercial bank (27.69 per cent) and Regional Rural Bank (24.93 per cent) increased after the introduction of KCC. This indicates that kisan credit card played a crucial role in regulating the agricultural credit in India.


Keywords: Credit, Compound growth rate, Kisan credit card, Scheduled commercial bank
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How to cite this article:

Naveen, N., R. Senthilkumar, T. Rajendran and Gangai Selvi, R. 2020. Growth of Agricultural Credit in India: Before and after introduction of Kisan Credit Card.Int.J.Curr.Microbiol.App.Sci. 9(9): 2593-2601. doi: https://doi.org/10.20546/ijcmas.2020.909.324