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Directing the Credit for Agricultural Growth in Jammu & Kashmir

Economic Affairs-Quarterly Journal of Ecnomics

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ISSN 0976-4666
0424-2513
 
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Title Statement Directing the Credit for Agricultural Growth in Jammu & Kashmir
 
Added Entry - Uncontrolled Name Dwivedi, Sudhakar
Sharma, Pawan Kumar
Peshin, Rajinder
Division of Agricultural Economics & Statistics, SKUAST-J, Jammu-180009, J&K, India.
Division of Agricultural Economics & Statistics, SKUAST-J, Jammu-180009, J&K, India.
Division of Agricultural Extension Education, SKUAST-J, Jammu-180009, J&K, India.
 
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Summary, etc. Jammu and Kashmir is a hill state having majority of farmers falling under marginal and small holding categories. Diffusion of modern agricultural techniques and practices to the farmers by way of strengthening and activating the extension machinery can go a long way in improving the situation. This adoption of new technologies depends largely on the state of infrastructure and resources available with the farmers. Therefore credit is an important input for maintaining resources to improve agriculture at local level. However, both the Government and the financial institutions are taking several steps to enhance the credit flow to agriculture. During the past few years significant progressive changes have taken place in banking and financial structure of Jammu and Kashmir. The growth of commercial banks and co-operative credit societies has been really spectacular. The Banks have played a crucial role in the mobilization of savings and Investment. Bank credit to productive sectors of the economy has a critical role in sustaining the growth process. Banking structure in J&K consists of Commercial Banks, Regional Rural Banks and Cooperative Banks. At the end of December 2008, the state was served by 944 bank branches of all Scheduled Commercial Banks. Average population per bank is 13 thousand in J&K state compared to average 15 thousand in the country. The biggest challenge in respect of credit is the smooth flow of credit in the beginning of the cropping season for the farming community with a guaranteed minimum price support. Kissan Credit Card scheme is implemented in the state with that objective and the number of farmers cover under the scheme is increasing (1,24,365 distributed in 2012). Future reforms in credit availability of farmers of state would require for agro-economic development at both micro and macro level, to strengthen the farm business in hills and remote districts of the state for achieving overall well being of the farming society.
 
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http://www.myresearchjournals.com/index.php/Eaffairs/article/view/241
 
Data Source Entry Economic Affairs; Vol 59 (2014): Volume 59 - Special Issue
 
Language Note eng
 
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