FACTORS INFLUENCING THE FARMERS TO AVAIL AGRICULTURE CREDIT SANCTIONED BY VARIOUS FINANCIAL INSTITUTIONS IN SIVAGANGA DISTRICT

Mrs. M.SOUNDARYA; Dr. G.JAYABAL

Volume : VIII, Issue : VIII, August - 2019

FACTORS INFLUENCING THE FARMERS TO AVAIL AGRICULTURE CREDIT SANCTIONED BY VARIOUS FINANCIAL INSTITUTIONS IN SIVAGANGA DISTRICT

Mrs. M. Soundarya, Dr. G. Jayabal

Abstract :

Agriculture credit plays an important role in the development of the Indian economy. The prosperity of the country depends up on the agriculture sector. Bankers play a major role in providing agricultural credit to the farmers. Lack of finance is one of the fundamental problems in agricultural productivity and income of rural farmers. This paper mainly focuses on factors influencing the farmers to avail agriculture credit sanctioned by various financial institutions in sivagangai district. A Proportionate random sampling method was used to select the banks and convenience sampling method has been adopted to select the respondents to collect data from 70 farmers by using a structured interview schedule. The result of the study showed that, Insurance schemes, Any time service, easy installment, low interest rate, bankers approach and speed disbursement of loan are considered as the most important influencing factors to avail agriculture credit by the farmers