The impact of formal finance on the rural economy of India
- 1 December 1995
- journal article
- research article
- Published by Taylor & Francis in The Journal of Development Studies
- Vol. 32 (2) , 234-262
- https://doi.org/10.1080/00220389508422413
Abstract
India's supply‐led approach to agricultural credit paid off in non‐farm growth, employment and rural wages. The impact of expanded credit on agricultural output has been modest, and the benefits of agricultural income exceed the costs of the programme only if optimistic assumptions are made about repayment rates on farm credit.Keywords
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This publication has 3 references indexed in Scilit:
- Agricultural technology and farm-nonfarm growth linkagesAgricultural Economics, 1989
- Behavioural and material determinants of production relations in agricultureThe Journal of Development Studies, 1986
- Informal Credit Markets in IndiaEconomic Development and Cultural Change, 1984