Long Term Finance and Development

The overall development of developing countries like India could be achieved mainly through the development of both farm and non-farm sectors. The activities in these sectors require both short-term loans repayable in easy instalments. The formal credit agencies like commercial Banks and primary Co-operative Agricultural Banks (PCABs) provide only short-term loans. The primary Co-operative Agriculture and Rural Development Banks (PCARDBs) provide long-term loans to undertake farm and non-farm activities. This book provides an over-view of credit market structure, an empirical analysis of the performance of PCARDBs, their profitability, long-term credit requirements, utilization and the impact of long-term credit on employment, income and repayment of loans. It also focuses the problems faced by the borrowers and also the lending institutions.