Productivity of Agricultural Credit in India: Assessing the Recent Role of Institutional Credit to Agriculture in India using State Level Data

Sudha Narayanan

Working Papers from eSocialSciences

Abstract: the study has been able to highlight the increasing role that agriculture credit is playing in supporting agriculture production in recent times- credit accounted for 16% of the total value of paid out inputs in the triennium ending (TE) 1998-99, and by the end of the decade, in TE 2011-12, it had risen to as high as 80.3% of the total paid out costs of inputs. Based on a State level panel data, the study has estimated the credit elasticity of agricultural GDP for the period 1995-96 to 2011-12 at 0.21, i.e. a 10% increase in institutional credit flow to agriculture in current prices is associated with a 2.1% increase in agricultural GDP the following year, expressed in current prices. However, disaggregating the period into two i.e., 1995-96 to 2003-04 and 2004-05 to 2011-12 indicates that the elasticity has weakened in the latter period in comparison to the former. [Occasional paper-61].

Keywords: Productivity; Agricultural Credit; India; state level data; elasticity; current prices; GDP; institutional costs; inputs; agriculture; credit; production (search for similar items in EconPapers)
Date: 2016-08
Note: Institutional Papers
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