<abstract xmlns="http://www.w3.org/1999/xhtml">

<bold>Subject and purpose of work:</bold> The paper focuses on the problems faced by farmers in obtaining and repaying loans from institutional and non-institutional sources.
<bold>Materials and methods:</bold> The study was conducted in Haryana state, India. It was based on a field survey involving 600 farmers. Proportionate sampling technique was employed and pre-tested schedules were filled during vis-a-vis interviews.
<bold>Results:</bold> T he f indings o f t he s tudy h ighlight m ain p roblems f aced b y f armers i n a cquiring a nd repaying loans. They include: no loan without security, ambiguous terms and conditions, the time-consuming procedure of granting loans, not farmer friendly bank officials, and the request for bribes. In the case of non-institutional sources, main problems include: lack of security, deterioration of social status, and hesitation in mortgaging agricultural land. Furthermore, low price of agricultural produce, crop failure, and the high-interest rates charged by non-institutional sources were major constraints in the timely repayment of loan amounts.
<bold>Conclusions:</bold> Several constraints existed in granting loans to farmers. Government should support and provide hassle free loans to farmers.
</abstract>

Subject and purpose of work: The paper focuses on the problems faced by farmers in obtaining and repaying loans from institutional and non-institutional sources.
Materials and methods: The study was conducted in Haryana state, India. It was based on a field survey involving 600 farmers. Proportionate sampling technique was employed and pre-tested schedules were filled during vis-a-vis interviews.
Results: T he f indings o f t he s tudy h ighlight m ain p roblems f aced b y f armers i n a cquiring a nd repaying loans. They include: no loan without security, ambiguous terms and conditions, the time-consuming procedure of granting loans, not farmer friendly bank officials, and the request for bribes. In the case of non-institutional sources, main problems include: lack of security, deterioration of social status, and hesitation in mortgaging agricultural land. Furthermore, low price of agricultural produce, crop failure, and the high-interest rates charged by non-institutional sources were major constraints in the timely repayment of loan amounts.
Conclusions: Several constraints existed in granting loans to farmers. Government should support and provide hassle free loans to farmers.

Borrowing and Repayment Hardships: Evidences from Farmers in Haryana

Economic and Regional Studies / Studia Ekonomiczne i Regionalne

This work is licensed under the Creative Commons Attribution 4.0 International License.

{"article-title":"Borrowing and Repayment Hardships: Evidences from Farmers in Haryana"}

Subject and purpose of work: The paper focuses on the problems faced by farmers in obtaining and repaying loans from institutional and non-institutional...

Borrowing and Repayment Hardships: Evidences from Farmers in Haryana

Published Online: Dec 29, 2022

Page range: 562 - 580

Received: Aug 01, 2022

Accepted: Aug 01, 2022

DOI: https://doi.org/10.2478/ers-2022-0038

Keywords
indebtedness, institutional loan, farmers debt, farmer, agricultural credits, Haryana State

© 2022 Babloo Jakhar et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Borrowing and Repayment Hardships: Evidences from Farmers in Haryana

Published Online: Dec 29, 2022

Page range: 562 - 580

Received: Aug 01, 2022

Accepted: Aug 01, 2022

DOI: https://doi.org/10.2478/ers-2022-0038

Keywordsindebtedness, institutional loan, farmers debt, farmer, agricultural credits, Haryana State

© 2022 Babloo Jakhar et al., published by Sciendo

This work is licensed under the Creative Commons Attribution 4.0 International License.

Keywords
indebtedness, institutional loan, farmers debt, farmer, agricultural credits, Haryana State