Empowering India's Agriculture: A Comprehensive Analysis of Agricultural Credit Policies and Practices

Abstract

This paper delves into the intricacies of agricultural credit in India, analyzing its historical evolution, institutional framework, government interventions, challenges, and impacts. It examines the role of various stakeholders, including government agencies, financial institutions, and farmers themselves, in shaping the landscape of agricultural finance. Highlighting the significance of credit accessibility in rural areas, the paper explores innovative solutions and successful case studies that have contributed to the growth and sustainability of India's agricultural sector. Moreover, it identifies key challenges such as limited financial literacy and seasonal income fluctuations, while proposing recommendations for policy improvements and future strategies. Through a comprehensive review of literature and empirical analysis, this paper aims to provide insights into the current state of agricultural credit in India and offer actionable recommendations for enhancing financial inclusion and empowerment in the agricultural domain.