2024, Vol. 5, Issue 1, Part C
Cooperative banks, agricultural credit and financial inclusion for farmers in India: A systematic review
Author(s): Rachana Gupta and Dr. Raj Bihari Lal Srivastava
Abstract: Financial inclusion is an important subject when it comes to farmers since agriculture is the economic backbone of the nation. This involves providing easy access to financial services like savings, credits, and payments, especially to small and marginal ones. However, there are numerous challenges faced by farmers when it comes to getting the necessary access to regular financial institutions. Cooperative banks help farmers address these particular challenges and secure the required access for managing their finances, mitigating risks and investing in farm activities. Cooperative banks in India provide the required agricultural credit to farmers in an easy and cheap manner. This article has done a systematic review of cooperative banks and agricultural credit in relation to financial inclusion in India for farmers. Various studies have highlighted the important role of cooperative banks in providing the required agricultural credit to the farmers. The easy access to financial services and agricultural credit with the help of cooperative banks fosters the financial inclusion of farmers in India. However, there still remains significant scope to research the subject in the Indian context due to the lack of sufficient primary evidence and fieldwork on the subject.
Pages: 194-198 | Views: 983 | Downloads: 639
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How to cite this article:
Rachana Gupta, Dr. Raj Bihari Lal Srivastava. Cooperative banks, agricultural credit and financial inclusion for farmers in India: A systematic review. Asian J Manage Commerce 2024;5(1):194-198.
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