Constraints analysis in the operation of Kisan Credit Card scheme in Haryana Singh Abhey1, Sihag Shakuntla*, Malik Komal2 1Professor, Department of Economics, Chaudhary Devi Lal University, Sirsa-125055, Email: abheygodara@gmail.com 2Assistant Professor, Department of Economics, Govt. College, Nalwa, Hisar, Email: komalmalikeco@gmail.com *Author For Correspondence; Assistant Professor, Department of Economics, I.G.P.G. Govt. College, Tohana, Fatehabad, Email: shakuntlasihag@gmail.com
Online published on 26 August, 2023. Abstract Government of India has taken many major steps to enhance the growth of agriculture sector and strengthen the rural economy. One of these is to launch the KCC scheme in the year 1998-99 to provide the timely credit to the farmers in a hassle free manner for raising agricultural production. Thus keeping the importance of this innovative scheme the present study was made to identify the constraints in the operation of the KCC scheme as perceived by the farmers selected for the study. The study was carried out in two districts of the Haryana state named Sirsa and Karnal. The study is based on the primary data and the required data were collected from a sample of 180 beneficiary and 180 non-beneficiary farmer respondents from the selected area of the study. It was identified that insufficient credit limit, lack of consumption loan, high interest rates and cumbersome process of advancing the credit were the major problems reported by majority of beneficiary farmers in both of the selected districts as well as in Haryana. The study concluded that most of the beneficiary farmer respondents were satisfied with the behaviour of loan officers in the study area. As against this, cumbersome process of advancing credit, easy access to other sources of loan, insufficient credit limit and fear of being a defaulter were found as the major constraints reported by the majority of nonbeneficiaries in the study area. The study also suggested that the process of opening a bank account and documentation process should be simplified and more flexible by minimizing the paper work and reducing the time taken in sanctioning the loan so that the more farmers can bring under the scheme. Top Keywords Kisan Credit Card Scheme, Credit, Constraints, KCC beneficiary, Non-KCC beneficiary. Top |