The Roles of Credit and Marketing in Agricultural Development

Uma J. Lele
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Uma J. Lele: I.B.R.D.

Chapter 16 in Agricultural Policy in Developing Countries, 1974, pp 413-449 from Palgrave Macmillan

Abstract: Abstract An agricultural credit system must allow free transfer of resources between sectors, between regions and across income classes so as to bring about an efficient allocation of a developing country’s scarce resources. It must finance the needs arising from the burgeoning technological revolution in agricultural sectors. It must encourage and mobilise savings from the incomes generated by the expanding agricultural production. As an important factor of production, credit must play a pivotal role in fostering an equitable distribution of the increasing agricultural income. It must be used to create productive employment for absorbing the growing numbers of underemployed in the agricultural sectors. Credit can be a double-edged weapon significantly influencing welfare or human misery, broadening participation of the masses in the political process, or reinforcing feudalism.

Keywords: Interest Rate; Agricultural Sector; Agricultural Economic; Small Farmer; Farm Size (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-63663-1_16

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DOI: 10.1007/978-1-349-63663-1_16

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