Growth Trends of the Priority Sector Loans Advanced by Commercial Banks to Different Categories of Beneficiaries in Lakhimpur Kheri District, Uttar Pradesh Singh Mona1, Rai DP2,*, Singh KK1 1Division of Agronomy, Mahatma Gandhi Chitrakoot Gramodaya VishwavidyalayaChitrakoot, Satna485334Madhya Pradesh, India 2Faculty of Agriculture, Mahatma Gandhi Chitrakoot Gramodaya VishwavidyalayaChitrakoot, Satna485334Madhya Pradesh, India *Email for correspondence: chandra.drram@gmail.com
Online Published on 12 September, 2022. Abstract The need for external financial services arises due to lack of simultaneity between realization of income and act of expenditure. In India, agriculture is the mainstay of the economy but rural households’ demand for credit has been growing fast due to limited land resources operating under poor technology and hence small base of their economic activities on one hand and growing family size, increased consumption requirements and social obligation etc on the other. At the same time one can guage the statistical importance of Indian agriculture which has 78.2 per cent of marginal and small holdings (less than 2 ha) sharing 32.5 per cent of the total land area. Among these farmers, there is a weakest section of marginal farmer households treated as landless. All mentioned categories of these farmers have different economic activities and demand for credit at right time and type and amount is the basic need of these categories of farm families. Therefore keeping the demand of credit in view the present study was undertaken by following the recommendations of the Parliamentary Standing Committee on Agriculture to study the flow of credit and its problems linked with small and marginal farmers for getting easy and cheap credit from rural financial institutions. Top Keywords Loans, Commercial banks, Beneficiaries, Sectors. Top |