Publication

Abstract : Agriculture in India is the main primary sector which contributes a higher percentage for food security, nutritional security and sustainable development for poverty alleviation. Agricultural practices and advancements differ globally, though the advancement of agriculture sector gives a positive impact which is beneficial for everyone. Milestones in agricultural development in India include Green revolution, White revolution and Bio-technology revolution etc.The major problems faced by majority of agriculturists in Indiais rural indebtedness and over reliance on private money lenders. In the past, farming was carried out in a traditional way and the farmers mainly depended on money lenders, relatives and friends for financial requirement. Money lenders used to exploit the farmers in several ways like by charging higher rate of interest for their borrowings, false documents etc. After the introduction of green revolution agriculture entered the period of modernization and there was a remarkable increase in the credit needs of farmers. It find steps to augment institutional credit by providing stimulus, such as the opening of new branches of commercial banks all over the country. Kisan credit card and the initiative taken to ensure appropriate access to financial products and services needed by the service sector have really been instrumental in the awe-inspiring hike in agriculture credit. This study going to understand the initiatives of various commercial banks for promoting agricultural credit rural and urban area and so as to assist the country’s economic development. It also review the policies introduced by the government in uplifting of the agriculture credit in rural and urban region for a balanced development.