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Evaluating the Magnitudes of Finance Availed by Farmers from Different Financial Agencies in the North-East Indian State of Tripura

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  • Ray, Poulami
  • Das, Bhagirath

Abstract

The current research was carried out in the West Tripura district of Tripura to examine the magnitude of agricultural financing availed by borrowers. A total of 120 farmers were chosen by implementing a multistage random sampling design to conduct a comprehensive analysis. Sector-wise advances of banks in West Tripura showed an increasing trend, and the percentage share to the agricultural sector was 34.27 %, whereas it was 65.72 % in the non-farm sector in 2020-21. The amount of loans availed by sample borrowers from Regional Rural Bank (42.88%) was the highest, followed by public sector banks (34.48%), cooperative banks (19.80%) and least from private sector banks (1.84%). Loans for both crop and allied activities were obtained by the beneficiaries from the selected bank branches of the district.

Suggested Citation

  • Ray, Poulami & Das, Bhagirath, 2023. "Evaluating the Magnitudes of Finance Availed by Farmers from Different Financial Agencies in the North-East Indian State of Tripura," Asian Journal of Agricultural Extension, Economics & Sociology, Asian Journal of Agricultural Extension, Economics & Sociology, vol. 41(7), pages 1-6.
    • Handle: RePEc:ags:ajaees:367487
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    File URL: https://ageconsearch.umn.edu/record/367487/files/Ray4172023AJAEES100228.pdf
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    References listed on IDEAS

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    1. Kumar, A. & Singh, R.K.P. & Jee, S. & Chand, S. & Tripathi, G. & Saroj, S., 2015. "Dynamics of Access to Rural Credit in India: Patterns and Determinants," Agricultural Economics Research Review, Agricultural Economics Research Association (India), vol. 28(Conferenc).
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