The credit for agriculture in India is provided both by organized and unorganized agencies. The organized agencies consist of co-operatives, Commercial Banks, Regional Rural Banks and Government. The unorganized agency consists of professional moneylenders, traders, relatives and friends, landlords and others. Moneylenders are the most important source, of late, though their position is declining in non-institutional finance. Since 1950-51 their predominance is still continuing in rural areas. They freely supply credit for productive and non-productive purposes. Their methods of business are simple and elastic. But their activities are full of short-comings. They charge very high interest rates. In this study an attempt is made to know the impact of banks finance on Indian Agricultural Development.
ABOUT THE AUTHOR M. Lakshmi Narasaiah
Dr. M. Lakshmi Narasaiah, has been working as Professor and Head, Department of Economics, Sri Krishnadevaraya University Post-Graduate Centre, Kurnool, Andhra Pradesh. He is a Post-Graduate in Economics and has secured first rank. He has received Ph.D., Degree from Sri Krishnadevaraya University, Anantapur, in 1987. He has worked as UGC JRF and UGC SRF. Starting his professional career as an Assistant Professor of Economics in Sri Krishnadevaraya University, Anantapur, he has been actively engaged in teaching and research for the past twenty years. He was associated with the Government of Andhra Pradesh. Planning Department in the center for planning and Development studies projects. He has extensively travelled abroad. He has to his credit 175 research papers published in reputed National and International Journals, a large number of book reviews and seminar papers besides supervising M.Phil., and Ph.D., studies. He is also working on number of research projects. He has frequently participated in national and international conference. He is author of 27 books. Prof. M. Lakshmi Narasaiah is a member of large number of national and international associations and is associated with academic in several universities and professional organization. He has been acting as a member of the "Review Committee" he various international economic journals.
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