Productivity of rural credit: a review of issues and some recent literature by M.S. Sriram (Working Paper, No. 2007-06-01 2027)

By: Material type: TextTextPublication details: Ahmedabad Indian Institute of Management 2007 Description: 20 pSubject(s): DDC classification:
  • WP 2007-06-01 (2027)
Summary: The policy intervention in agriculture has been credit driven. This is even more pronounced in the recent interventions made by the State, in doubling agricultural credit, providing subvention and putting an upper cap on interest rates for agricultural loans, the package announced for distressed farmers. We use existing literature and data to argue that the causality of agricultural output with increased doses of credit cannot be clearly established.
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Working Paper Vikram Sarabhai Library WP 2007-06-01 (2027) (Browse shelf(Opens below)) Available WP002027

The policy intervention in agriculture has been credit driven. This is even more pronounced in the recent interventions made by the State, in doubling agricultural credit, providing subvention and putting an upper cap on interest rates for agricultural loans, the package announced for distressed farmers. We use existing literature and data to argue that the causality of agricultural output with increased doses of credit cannot be clearly established.

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