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

Poulami Ray and Bhagirath Das

Asian Journal of Agricultural Extension, Economics & Sociology, 2023, vol. 41, issue 7, 6

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.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2023
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