Growth of Institutional Credit Flow To Agriculture Sector in India

Abstract

India is one of the fastest developing agrarian economy in the world. Agriculture is the oldest profession of mankind and still continues the main source of livelihood, employment generation and also a mere primitive way of development of human civilization. So, agriculture is the most important segment of India and its importance cannot be overlooked in the progress of the country. Agriculture provides the employment opportunities for nearly half of the population of India and  it has been the largest earner of foreign exchange in India. Credit is also an age-old necessary element in the development of the agriculture sector. But before independence, agriculture sector suffering from insufficient financial facilities and lack of modern inputs. Over the years, improvement in agricultural conditions was one of the top priorities of the Indian government.