Institutional versus noninstitutional credit to agricultural households in India: Evidence on impact from a national farmers’ survey

Institutional versus noninstitutional credit to agricultural households in India: Evidence on impact from a national farmers’ survey PDF Author: Kumar, Anjani
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 36

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Book Description
A goal of agricultural policy in India has been to reduce farmers’ dependence on informal credit. To that end, recent initiatives have been focused explicitly on rural areas and have had a positive impact on the flow of agricultural credit. But despite the significance of these initiatives in enhancing the flow of institutional credit to agriculture, the links between institutional credit and net farm income and consumption expenditures in India are not very well documented. Using a large national farm household–level dataset and instrumental variables two-stage least squares estimation methods, we investigate the impact of institutional farm credit on farm income and farm household consumption expenditures. Our findings show that in India, formal credit is indeed playing a critical role in increasing both the net farm income and per capita monthly household expenditures of Indian farm families. We also find that, in the presence of formal credit, social safety net programs such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) may have unintended consequences. In particular, MGNREGA reduces both net farm income and per capita monthly household consumption expenditures. In contrast, in the presence of formal credit, the Public Distribution System may increase both net farm income and per capita monthly household consumption expenditures.

Institutional versus noninstitutional credit to agricultural households in India: Evidence on impact from a national farmers’ survey

Institutional versus noninstitutional credit to agricultural households in India: Evidence on impact from a national farmers’ survey PDF Author: Kumar, Anjani
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 36

Get Book Here

Book Description
A goal of agricultural policy in India has been to reduce farmers’ dependence on informal credit. To that end, recent initiatives have been focused explicitly on rural areas and have had a positive impact on the flow of agricultural credit. But despite the significance of these initiatives in enhancing the flow of institutional credit to agriculture, the links between institutional credit and net farm income and consumption expenditures in India are not very well documented. Using a large national farm household–level dataset and instrumental variables two-stage least squares estimation methods, we investigate the impact of institutional farm credit on farm income and farm household consumption expenditures. Our findings show that in India, formal credit is indeed playing a critical role in increasing both the net farm income and per capita monthly household expenditures of Indian farm families. We also find that, in the presence of formal credit, social safety net programs such as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) may have unintended consequences. In particular, MGNREGA reduces both net farm income and per capita monthly household consumption expenditures. In contrast, in the presence of formal credit, the Public Distribution System may increase both net farm income and per capita monthly household consumption expenditures.

World Development Report 2008

World Development Report 2008 PDF Author: World Bank
Publisher: World Bank Publications
ISBN: 0821368095
Category : Business & Economics
Languages : en
Pages : 390

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Book Description
The world's demand for food is expected to double within the next 50 years, while the natural resources that sustain agriculture will become increasingly scarce, degraded, and vulnerable to the effects of climate change. In many poor countries, agriculture accounts for at least 40 percent of GDP and 80 percent of employment. At the same time, about 70 percent of the world's poor live in rural areas and most depend on agriculture for their livelihoods. 'World Development Report 2008' seeks to assess where, when, and how agriculture can be an effective instrument for economic development, especially development that favors the poor. It examines several broad questions: How has agriculture changed in developing countries in the past 20 years? What are the important new challenges and opportunities for agriculture? Which new sources of agricultural growth can be captured cost effectively in particular in poor countries with large agricultural sectors as in Africa? How can agricultural growth be made more effective for poverty reduction? How can governments facilitate the transition of large populations out of agriculture, without simply transferring the burden of rural poverty to urban areas? How can the natural resource endowment for agriculture be protected? How can agriculture's negative environmental effects be contained? This year's report marks the 30th year the World Bank has been publishing the 'World Development Report'.

Agricultural Policy in Developing Countries

Agricultural Policy in Developing Countries PDF Author: International Economic Association
Publisher:
ISBN:
Category :
Languages : en
Pages : 565

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Book Description


Institutional Credit and Agricultural Development

Institutional Credit and Agricultural Development PDF Author: K. S. S. Uduman Mohideen
Publisher: Mittal Publications
ISBN: 9788170992172
Category : Business & Economics
Languages : en
Pages : 284

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Book Description


Agricultural finance and the youth – Prospects for financial inclusion in Uganda

Agricultural finance and the youth – Prospects for financial inclusion in Uganda PDF Author: The Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251322449
Category : Technology & Engineering
Languages : en
Pages : 84

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Book Description
The aim of this paper is to provide a comprehensive assessment of the current state of financial inclusion of the rural youth in Uganda, with a specific focus on their engagement in the agricultural sector and the financial services that are available to them to pursue their business ventures in this area. The study seeks to illustrate and bring to light the core constraints and opportunities associated with the provision of tailored financial services to young agricultural entrepreneurs in the country, while showcasing the essential role that key support actors (such as the Government, Central Bank, international development institutions, NGOs, foundations and many others) can play in fostering the provision and uptake of such services.

Formal and Informal Institutions' Lending Policies and Access to Credit by Small-scale Enterprises in Kenya

Formal and Informal Institutions' Lending Policies and Access to Credit by Small-scale Enterprises in Kenya PDF Author: Rosemary Atieno
Publisher:
ISBN:
Category : Credit
Languages : en
Pages : 62

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Book Description


Agriculture and Development

Agriculture and Development PDF Author: Gudrun Kochendörfer-Lucius
Publisher: World Bank Publications
ISBN: 0821371282
Category : Business & Economics
Languages : en
Pages : 245

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Book Description
The book highlights proceedings from the Berlin 2008: Agriculture and Development conference held in preparation for the World Development Report 2008.

Agricultural Finance in India

Agricultural Finance in India PDF Author: K. Prabhakar Rajkumar
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
Agricultural production in India depends upon millions of small farmers. However, because of inadequate financial resources, many farmers are unable to receive improved seeds and fertilizers, nor introduce better methods and techniques. It is, therefore, of the utmost importance that the financial requirements of farmers are adequately met. The provision of sufficient and timely credit at fair rates of interest has to be considered as an integral part of agricultural development. However, assistance rendered by way of credit has to be related to specific items of productive work or of essential costs of cultivation. Set up in 1982, India's National Bank for Agriculture and Rural Development (NABARD) is the apex institution accredited with all matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India. NABARD serves as an apex refinancing agency for the institutions providing investment and production credit in rural areas. This book explains the system of agricultural finance in India and it provides an in-depth analysis of the role of NABARD.

Agricultural Policies for Poverty Reduction

Agricultural Policies for Poverty Reduction PDF Author: OECD
Publisher: OECD Publishing
ISBN: 9264112901
Category :
Languages : en
Pages : 195

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Book Description
This volume sets out a strategy for raising rural incomes which emphasises the creation of diversified rural economies with opportunities within and outside agriculture.

Agricultural Value Chain Finance

Agricultural Value Chain Finance PDF Author: Calvin Miller
Publisher: Practical Action Publishing
ISBN: 9781853397028
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
`This is a "must read" for anyone interested in value chain finance.---Kenneth Shwedel, Agricultural Economist --Book Jacket.