Suchergebnisse

Credit is an important instrument of acquiring command over
the use of working capital, fixed capital and consumption goods. In the
wake of Green Revolution, land and labour have receded into the
background as predominant factors of growth. Use of capital and adoption
of modern techniques of production which have become major sources of
growth of agricultural output necessitate access to credit markets for
financing their use. Institutional sources of credit have become quite
significant during the last few years. The rapid expansion of credit
from institutional sources can be seen from various indicators. The
total disbursement of agricultural loans has gone up from Rs. 306.75
million in 1972-73 to Rs. 5,102.14 million in 1981-82. On a per acre
basis, the loans increased from Rs. 7.33 in 1972-73 to Rs. 106.83 in
1981-82. In this perspective, the disparities in income and wealth in
rural areas would crucially depend on the distribution of capital among
farms of different sizes and occupational groups. Neglecting equitable
distribution of credit as a policy instrument for rural income
redistribution may be a serious omission by the policy makers interested
in an improvement of rural equity.