scholarly journals Impact of Banking Sector Reforms on Agriculture and Sources of Agricultural Credit

2021 ◽  
Vol 7 (01) ◽  
pp. 146-151
Author(s):  
Saima Khan and Dr Shiv Kumar
Keyword(s):  
Banking Sector ◽  
Agricultural Sector ◽  
Strong Support ◽  
Financial Resources ◽  
Agricultural Credit ◽  
Indian Economy ◽  
Agriculture Sector ◽  
Agricultural Revolution ◽  
Agriculture Industry ◽  
Production Growth

Agriculture industry plays an important role in the Indian economy and Banks can play an important role in bringing agricultural revolution, in removing indifference of wealth. Utilization of high technology and modern equipment in agriculture brings about production growth. Indian economy is emerging as one of the leading economies of the world which makes progress of agriculture sector very crucial. In an economy like India where agriculture is subsistence, Finance is considered as the basic ingredient for increase in agricultural productivity. Therefore, it becomes the main responsibility of the country is to provide strong support to this sector. Though impressive significant strides have been achieved in terms of spread network and outreach of institutions, the qualities of flow of financial resources to agriculture continue to be inadequate. The growth of agricultural credit in India depends mainly on Government intervention. Banking sector reforms directly affected the agricultural sector. This paper describes the effects of various banking sector reforms on agriculture and sources of agriculture credit.

Growth and Performance of Agriculture Sector in India

2015 ◽  
Vol 3 (2) ◽  
Author(s):  
Naresh Singla ◽  
Mamandeep Kaur
Keyword(s):  
Growth Rate ◽  
Capital Formation ◽  
The Other ◽  
Agricultural Credit ◽  
Agricultural Growth ◽  
Indian Economy ◽  
Agriculture Sector ◽  
Food Grain ◽  
And Performance ◽  
Agricultural Labourers

The growth of agriculture and allied sectors is critical for the Indian economy as about 49 percent of the population is directly or indirectly dependent on agriculture. During the last decade and so, the agriculture sector has undergone profound changes resulting in sharp deceleration in its growth. The study has attempted to analyze growth and performance of the agriculture sector in India since 1980-81 and tries to comprehend some of the factors responsible for the deceleration in growth. The study has shown that agriculture sector has been able to show tremendous improvement in expansion of area and production of food grain and non-food grain crops. However, there are so many underlying factors responsible for slowdown of the agricultural growth. Some of the factors identified include: Increase in area under non-agriculture uses, excessive dependence on rain fed farming, increase in number of agricultural labourers, reducing size of the operation holdings, over use of agri-inputs, inequity in the distribution of agriculture credit along with sharp deceleration in public gross capital formation in agriculture etc. The study pointed in order to achieve higher growth rate, there is a need to enhance the gross capital formation in agriculture sector particularly on irrigation so that more area can be brought under assured irrigation. Bringing equity in distribution of agricultural credit coupled with judicious and need-based agricultural inputs are some of the other recommendations drawn based upon the study.

An Analysis of Agriculture Sector of Inclusive Growth in India

2021 ◽  
Vol 8 (4) ◽  
pp. 83-90
Author(s):  
P Chennakrishnan ◽  
D Thenmozhi
Keyword(s):  
Labor Force ◽  
Agricultural Sector ◽  
Human Being ◽  
Inclusive Growth ◽  
Rural Infrastructure ◽  
Indian Economy ◽  
Agriculture Sector ◽  
Service Sectors ◽  
Independence Era ◽  
The Government

Agriculture remains the dominant supporter of the Indian populace. The thriving industry and service sectors depend on the agricultural sector for their development. The inter-linkage among the three sectors could not be undermined at any cost. It is the massive absorbent of the labor force even though the disguised unemployment exists in varied magnitude. The share of agriculture to the GDP has come down from 57.7% in 1950-51 to 32.2% in 1990-91 at the time of liberalization, 24.6% in 2000-2001, 15.7% in 2009-2010 then 17%. In the post-independence era, stagnant production, low productivity, traditional technology, and poor rural infrastructure were the major challenges for the Government. India is principally an agricultural country. The agriculture sector estimates 18.0% of the GDP and employs 52% of the total workforce. There is a continuous steady decay in its presence towards the GDP, and the agriculture sector is losing its shine and anchor position in the Indian economy. The problems with which the Indian agricultural scenario is charged in present times are many. Still, this in no way undermines the interest of the sector and the role it can play in the holistic and inclusive growth of the country. Agriculture is fundamental for the sustenance of an economy, as is food for a human being.

scholarly journals Impact of FDI in Agriculture Sector in India: Opportunities and Challenges

2019 ◽  
Vol 8 (3S) ◽  
pp. 380-383
Keyword(s):  
Direct Investment ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Fdi Inflows ◽  
Indian Economy ◽  
Agriculture Sector ◽  
Course Of Action ◽  
The People ◽  
The Impact ◽  
Agrarian Development

Foreign Direct Investment has a vital errand to do in the rustic part for the Indian financial system. FDI is empowered in the cultivating section to improve the idea of yields. In the Indian Economy the FDI inflows to the cultivating portion since 2010 – 2018 there is an important perfection in the Agriculture section. Agriculture is said to be the establishment of the nation and it encompasses of 65% of the Indian people. Along these lines, the methodologies are limited in gathering to the agriculture influences a people. In order to forgo the poverty, government has upheld the FDI in Agricultural part and it is most acclaimed way to deal with discard the dejection and longing for. There is an emergency in agrarian part because of the colossal advances and advances which are paid by the banks to the ranchers. The ongoing patterns in the horticultural part have delineated a deceleration in the agrarian development. FDI in Agricultural Sector is one of the copious walks in improving bothers of Indian Farmers. For propelling cultivating improvement, reducing poverty and hunger, and progressing environmental supportability, country theory is crucial. FDI enthusiasm for agriculture requires a logically point by point ask about. Both positive and negative impact should be eagerly examination, with respect to Indian economy. In order to grow the lifestyle for the people and to engage those to use for sound and reflex improvements it is pivotal principal that, capital course of action ought to occur at a higher rate. This paper attempts to consider the impact of FDI in India expressly in green part and to examine the likelihood and confusions looked by the fragment in pulling in the black out budgetary masters adjacent to the various exercises taken by the administrationBased on the results and findings, suitable suggestions and conclusions will be made for the further research.

scholarly journals The Causality Between Agriculture, Industry, and Economic Growth: Evidence from Indonesia

ETIKONOMI ◽  
2019 ◽  
Vol 18 (2) ◽  
pp. 155-168
Author(s):  
Abdul Bashir ◽  
S. Suhel ◽  
A. Azwardi ◽  
Dirta Pratama Atiyatna ◽  
Ichsan Hamidi ◽  
...  
Keyword(s):  
Economic Growth ◽  
Agricultural Sector ◽  
Industrial Sector ◽  
Vital Role ◽  
Added Value ◽  
Short Term ◽  
Agricultural Industry ◽  
Vector Error Correction ◽  
Agriculture Sector ◽  
Agriculture Industry

The industry is the current engine of the Indonesian economy over the past three decades; the economic structure in Indonesia has the transformation from the agriculture sector to the industry sector. The objective of this study is to examine the causality between agricultural, industry, and economic growth in Indonesia. By using the vector error correction model (VECM), this research finds that in the long-term, there is directional causality from the industry added value, economic growth on the agricultural added value. Meanwhile, in the short-term, the variable of industry added value and economic growth has the two-way causality. Besides, the agricultural added value can only affect the industrial added value and economic growth in the short-term. These findings support the idea that the agricultural sector plays a vital role in the economy, such as increasing economic growth and growth in other sectors, especially the industrial sector in this case.JEL Classification: F40, L60, O13, O47

scholarly journals Transformasi Struktural di Jawa Timur : Pengaruh Pertumbuhan Ekonomi Sektoral terhadap Kemiskinan

Media Trend ◽  
2020 ◽  
Vol 15 (2) ◽  
pp. 275-282
Author(s):  
Abdul Khafidzin ◽  
Nurul Istifadah
Keyword(s):  
Economic Growth ◽  
Service Sector ◽  
Agricultural Sector ◽  
Industrial Sector ◽  
Economic Sectors ◽  
Equitable Distribution ◽  
Agriculture Sector ◽  
Agriculture Industry ◽  
Selection Of Variables ◽  
Distribution Of Income

Sectoral economic growth affects the level of poverty in the area. High economic growth does not merely reduce poverty. Equitable distribution of income is also a matter that needs to be considered in line with increased economic growth. High economic growth is the process of accumulation of sectoral economic growth that has undergone a structural shift in its journey. Changes in economic structure are marked by a decrease in the contribution of the agricultural sector and an increase in the contribution of the industrial sector, both in gross domestic product (GDP) and in employment. Economic growth needs to be directed towards economic sectors that are effective in reducing poverty and creating equitable distribution of income. The purpose of this study is to answer the question of how the influence of sectoral economic growth on poverty in East Java. For this purpose the panel data regression model is used. The selection of variables is based on research objectives. Agriculture sector GRDP (VP), industrial sector GRDP (VI) and service sector GRDP (VJ) represent sectoral economic growth. The results of the test show an increase in the contribution of the industrial sector effectively reduces poverty. In other words, between the agriculture, industry and services sectors, only the industrial sector has positive and significant parameters for poverty in East Java.

MOBILIZATION OF DOMESTIC FINANCIAL RESOURCES FOR AGRICULTURAL PRODUCTIVITY IN NIGERIA

2012 ◽  
Vol 02 (12) ◽  
pp. 01-07
Author(s):  
Awe A.A
Keyword(s):  
Federal Government ◽  
Agricultural Sector ◽  
Time Series Data ◽  
Forecast Error ◽  
Agricultural Productivity ◽  
State Level ◽  
Financial Resources ◽  
Series Data ◽  
Agricultural Credit ◽  
The Government

The paper examines the mobilization of domestic financial resources for agricultural productivity in Nigeria with a view to identify the contributions of the various sources of finance to agricultural productivity in Nigeria. To achieve this objective, the paper employed Vector Auto Regressive Model (VAR) to analyze time series data from (1980 – 2009). The paper identified the various instruments and strategies used by the government for mobilizing resources for the agricultural sector in Nigeria to include subsidy and agricultural credit policies that were financed through Nigerian Agricultural Credit Bank (NACB), credit facilities from Nigerian Bank for Commerce and Industries at the state level, credit through Commercial and Merchant Banks and provision of agricultural credit to the defunct Commodity Board by the Central Bank of Nigeria. The OLS (VAR) result revealed positive relationships between the variables and the variance decomposition measured the proportion of forecast error. The paper therefore recommend that the Federal government recurrent expenditure on agriculture should be reviewed upward for enhanced agricultural productivity and that both the Federal government and the Commercial Banks should mobilize more financial resources toward the agricultural sector to boost agricultural productivity which would guaranteed maximum agricultural productivity in Nigeria.

Agricultural credit risk and the macroeconomy

2017 ◽  
Vol 77 (1) ◽  
pp. 164-180 ◽  
Author(s):  
Andrew M. Johnson ◽  
Michael D. Boehlje ◽  
Michael A. Gunderson
Keyword(s):  
Credit Risk ◽  
Agricultural Sector ◽  
Farm Income ◽  
Financial Health ◽  
Agricultural Credit ◽  
Macroeconomic Factors ◽  
Content Type ◽  
Macroeconomic Variables ◽  
Agriculture Sector ◽  
Farm Credit

Purpose The purpose of this paper is to explore the linkage between agricultural sector and macroeconomic factors with farm financial health. It considers whether agricultural lenders can more accurately anticipate changes in the credit quality of their portfolios by considering broad economic indicators outside the agriculture sector. Design/methodology/approach This paper examines firm, sector, and macroeconomic drivers of probability of default (PD) migrations from a sample of 153 grain farms of actual lender data from Farm Credit Mid-America’s portfolio. A series of ordered logit models are developed. Findings Farm-level and sector-level variables have the most significant impact on PD migrations. Equity to asset ratios, working capital to gross farm income ratios, and gross corn income per acre are found to be the most significant drivers of PD migrations. Macroeconomic variables are shown to unreliably forecast PD migrations, suggesting that agricultural lenders should emphasize firm and sector variables over macroeconomic factors in credit risk models. Originality/value This paper builds the literature on agricultural credit risk by testing a broader set of sector and macroeconomic variables than previous articles. Also, prior articles measured the direction but not magnitude of PD migrations; the ordered model in the analysis measures both.

scholarly journals Estimating Effects of Agricultural Inputs on Growth of Agricultural Production: A comparative study of India and Pakistan

2016 ◽  
Vol 12 (2) ◽  
pp. 83-92
Author(s):  
Rajni PATHANIA
Keyword(s):  
Agricultural Production ◽  
Agricultural Sector ◽  
Positive Impact ◽  
Public Investment ◽  
Electricity Consumption ◽  
Rural Infrastructure ◽  
Agriculture Sector ◽  
Production Growth ◽  
Independent Variable ◽  
The Relationship

Abstract: The present study compares the relationship between agricultural inputs and agricultural production growth in India and Pakistan during the period 1991-92 to 2013-14. In this study we used five variables fertilizer usage, electricity consumption in agricultural sector, irrigation, Public Investment in agricultural sector and agriculture production.  The econometric results suggest that fertilizer usages, electricity consumption and public investment have significant on agricultural production in India as well as in Pakistan. Only one independent variable irrigation has insignificant but positive impact on agricultural production in both economies.  The distinctive implication for Indian and Pakistan policymakers is that there is need to increase public investment in agriculture sector it may be in area of agriculture research, rural infrastructure, storage and marketing facilities. More public investment should be encouraged in agricultural backward regions of both nations.Keywords: Agricultural inputs, Agricultural Production, Public investment, fertilizer usages, Electricity consumptionJEL classification: Q1, Q12, Q15, Q120, Q110 

Soft Computing Methods for Measuring Sustainability in the Agriculture Sector

2020 ◽  
pp. 161-175 ◽  
Author(s):  
Suchismita Satapathy
Keyword(s):  
Soft Computing ◽  
Agricultural Sector ◽  
Vital Role ◽  
Computing Methods ◽  
Structural Modelling ◽  
Modern Equipment ◽  
Interpretive Structural Modelling ◽  
Indian Economy ◽  
Agriculture Sector ◽  
Soft Computing Methods

Agriculture plays a vital role in the development of the Indian economy, and in addition, it contributes around 15% to the nation's GDP. Manually- or mechanically-operated diverse devices and supplies implied for farming machines are utilized in farming process. Still, sustainability is the most important issue in farming. Modern equipment smoke, dust, chemicals, and fertilizers both in manual-driven farming and modern farming are major environmental issues. So, in this chapter, sustainability issues in farming are studied, and a linear relationship between them can be found by interpretive structural modelling, such that the Micmac analysis and model can be developed for barriers of agricultural sector sustainability.

scholarly journals A Systematic Literature Review of Blockchain-Based Crops Traceability in Agricultural Supply Chain

2021 ◽  
Author(s):  
S M Nazmuz Sakib
Keyword(s):  
Supply Chain ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Information Transfer ◽  
Crop Production ◽  
Agricultural Sector ◽  
Future Research ◽  
Agriculture Sector ◽  
Agriculture Industry ◽  
Agricultural Supply

In recent years, Blockchain has been favorably adopted in the Supply Chain industry as it provides guaranteed transparency and traceability. The flexibility of Blockchain allows different applications to enable to exchange information; a significant middleweight layer is responsible for information transfer in the Agricultural Sector. The products that are manufactured at a global level in the agriculture industry are improved in safety, validation of some criteria, and quality. In the agriculture industry, the increasing number of complications associated with food safety and impurity risks needs high-level effective traceability solutions that act as necessary quality management tools to make sure satisfactory safety of crops. The agricultural supply chain today has complex ecosystems, consisting of several stockholders to authenticate criteria which are important like crop development stages, monitoring and validation, and compliance with the quality standard. In this proposed research, a systematic literature review will be done that includes smart contracts, Blockchain, and business transactions exclusively for crop production traceability across the agricultural and food supply chain. By using Blockchain in the agriculture sector, productivity, consistency, safety, reliability, and advanced security are increased. All transactions are kept and recorded on the immutable record of Blockchain associates with a decentralized system. Thus, it provides more traceability and clarity in the agriculture system in asafe, trustworthy, and effective way. A systematic literature review is thus enforced to classify the papers which are selected by the following classification: crop traceability, contribution type, research type, and their approach. For this systematic review, the papers which extracted are classified according to defined criteria. The purpose of this study is to fill the gap by collecting and analyzing studies available within the literature aiming to firstly, gain complete insight on the integration of Blockchain in the agriculture sector. Secondly, provide a summary of the present state of research on this area and identify gaps in existing studies. To achieve this aim an SLR was conducted. The findings of this SLR are discussed and researchers were provided with suggestions on possible directions for future research.

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