The Status of Institutional Finance and Agricultural Development in Karnataka

Dr. K.S. Veerendra Kumara

The Status of Institutional Finance and Agricultural Development in Karnataka

Authors: Dr. K.S. Veerendra Kumara

Unique Paper ID: 170979
Volume: 11
Issue: 5
PageNo: 2574-2578

Keywords: Agriculture Institutional Finance Crop Loan Investment Loan

Abstract:
The present study highlighted that the institutional finance and agricultural development in Karnataka, it is mainly focus on institutional finance through commercial banks, cooperative banks and regional rural banks to agriculture sector. The regional rural banks as more tremendous growth of investment loan as increased Rs.291.57 to 3763.28 crores with CAGR of 22.65 per cent during period 2005-06 to 2017-18. Despite, the Government of Karnataka have providing short, medium and long-term loans to agricultural farmers with very concessional of interest and also provides attractive interest subsidies through cooperative institutions to farmers at a lower rate of interest. Therefore, present paper highlights that the performance of institutional finance of agribusiness has been creating more income, agro-industrial revolution and more employment generation to rural farmers and reducing poverty in the rural areas.

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Cite This Article

ISSN: 2349-6002
Volume: 11
Issue: 5
PageNo: 2574-2578

The Status of Institutional Finance and Agricultural Development in Karnataka

Available:https://ijirt.org/Article?manuscript=170979

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UGC Approved
Journal no 47859

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