{"id":27895,"date":"2018-10-23T16:55:20","date_gmt":"2018-10-23T11:25:20","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27895"},"modified":"2018-10-23T16:55:20","modified_gmt":"2018-10-23T11:25:20","slug":"half-of-farm-households-indebted-nabard-study","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/half-of-farm-households-indebted-nabard-study\/","title":{"rendered":"Half of farm households indebted: NABARD study"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/news\/national\/half-of-farm-households-indebted-nabard-study\/article24731947.ece\">Half of farm households indebted: NABARD study<\/a><\/p>\n<p><strong><u>News:<\/u><\/strong><\/p>\n<ol>\n<li>According to a recent survey by the National Bank for Agriculture and Rural Development (NABARD), morethan half the agricultural households in India have outstanding debt.<\/li>\n<\/ol>\n<p><u>Important facts:<\/u><\/p>\n<ol>\n<li>The NABARD All India Rural Financial Inclusion Survey 2016-17 covered a sample of 1.88 lakh people from 40,327 rural households.<\/li>\n<li>Only 48% of these are defined as agricultural households, which have at least one member self-employed in agriculture and which received more than Rs 5,000 as value of produce from agricultural activities over the past year,\u00a0 whether they possessed any land or not.<\/li>\n<li><u>Key highlights of the survey : <\/u><\/li>\n<\/ol>\n<ul>\n<li>The survey pointed out that their average outstanding debt is almost as high as the average annual income of all agricultural households.<\/li>\n<li>The survey found that 52.5% of the agricultural households had an outstanding loan on the date of the survey.<\/li>\n<li>For non-agricultural households in rural India, that figure was 10 percentage points lower, at only 42.8%.<\/li>\n<li>Agricultural households reporting any outstanding debt also had a higher debt liability compared with non-agricultural ones.<\/li>\n<li>The average debt of an indebted agricultural household stood at approx Rs 1 lakh in comparison to Rs 75000(approx) for indebted non-agricultural households.<\/li>\n<li>The average annual income of an agricultural household is approx Rs 1 lakh, more than the average outstanding debt of indebted farm households.<\/li>\n<li>Only 10.5% of agricultural households were found to have a valid Kisan Credit Card at the time of the survey.<\/li>\n<li>The Scheme aims to provide farmers credit from the banks with a simplified and flexible single \u2013window procedure.<\/li>\n<li>Households who had the card utilized 66% of the sanctioned credit limit.<\/li>\n<li>The biggest reason for taking loans among agricultural households was capital expenditure for agricultural purposes,with a quarter of all loans taken for this purpose.<\/li>\n<li>Around 19% of loans were taken for meeting running expenses for agricultural purposes, another 19% were taken for sundry domestic needs.<\/li>\n<li>Loans for housing and medical expenses stood at 11% and 12%, respectively.<\/li>\n<li>While all classes of farmers had debt, the highest incidence of indebtedness came from those owning more than two hectares of land.<\/li>\n<li>Among small and marginal farmers owning less than 0.4 hectares, slightly less than 50% of the households were in debt.<\/li>\n<li>Those with more land were more likely to have multiple loans.<\/li>\n<li>The economically better-off households are more eligible for taking loans as they have enough assets to serve as security against the loans taken.<\/li>\n<li><u>State wise figures: <\/u><\/li>\n<\/ul>\n<p>The southern States of Telangana (79%), Andhra Pradesh (77%), and Karnataka (74%) showed the highest levels of indebtedness among agricultural households, followed by Arunachal Pradesh (69%), Manipur (61%), Tamil Nadu (60%), Kerala (56%), and Odisha (54%).<\/p>\n<ul>\n<li>Farm households took less than half their loans from commercial banks.<\/li>\n<\/ul>\n<ol>\n<li>46%- from Commercial banks<\/li>\n<li>10% from self-help groups<\/li>\n<li>40% from non-institutional sources (friends, relatives, moneylenders, landlords).<\/li>\n<\/ol>\n<ul>\n<li>A sizeable 11.5% households exhibited dependence on local moneylenders and landlords, which exposes them to exploitation by having to pay exorbitant interest. These are mostly poor and illiterate people.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Half of farm households indebted: NABARD study News: According to a recent survey by the National Bank for Agriculture and Rural Development (NABARD), morethan half the agricultural households in India have outstanding debt. Important facts: The NABARD All India Rural Financial Inclusion Survey 2016-17 covered a sample of 1.88 lakh people from 40,327 rural households.&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/half-of-farm-households-indebted-nabard-study\/\">Continue reading <span class=\"screen-reader-text\">Half of farm households indebted: NABARD study<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-27895","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704772909},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=27895"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27895\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=27895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=27895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=27895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}