LIVES IN DEBT AND DISTRESS: A CASE STUDY ON INDEBTEDNESS OF FARMERS IN THE DRY ZONE OF HARYANA STATE, INDIA

Authors

  • Babloo Jakhar Department of Economics, Chaudhary Devi Lal University, Sirsa, Haryana http://orcid.org/0000-0003-3885-6421
  • Rohtas Kait Chaudhary Devi Lal University, Sirsa, Haryana
  • Vijay Kumar Department of Economics, Chaudhary Ranbir Singh University, Jind, Haryana, India.

DOI:

https://doi.org/10.21776/ub.agrise.2022.022.3.4

Keywords:

Indebtedness, debt, loan, farmers, banks and agrarian distress

Abstract

The study has been conducted to measure the extent and burden of debt on farmers. The study has been conducted to measure the extent and burden of debt on farmers. The study revealed that an average amount of debt per sampled farmer, per owned acre and per operated acre is rupees 491975, 70838 and 62775 respectively. The real burden of debt is very high. Institutional as well as non-institutional sources played main role in loan disbursement to farmers. One third amount of loan is still being taken for non-productive purposes. Conclusions: Farmers are trapped under debt. They are not in situation to rid of from indebtedness. Because, small size of land holding by ownership, non-productive loans and high rate of interests charged by non-institutional sources are the main causes of their indebtedness.

Author Biographies

Babloo Jakhar, Department of Economics, Chaudhary Devi Lal University, Sirsa, Haryana

Research Scholar, Department of Economics, Chaudhary Devi Lal University, Sirsa, Haryana, India. (Working as a Research Officer, Department of Economics, Guru Jambheshwar University of Science & Technology, Hisar, Haryana) Email: Babloojakhar1993@gmail.com, (https://orcid.org/0000-0003-3885-6421)

Rohtas Kait, Chaudhary Devi Lal University, Sirsa, Haryana

Assistant Professor, Department of Economics, Chaudhary Devi Lal University, Sirsa, Haryana, India. Email: Rohtaskait@gmail.com

Vijay Kumar, Department of Economics, Chaudhary Ranbir Singh University, Jind, Haryana, India.

Assistant Professor, Department of Economics, Chaudhary Ranbir Singh University, Jind, Haryana, India.

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Published

2022-07-31

How to Cite

Jakhar, B., Kait, R., & Kumar, V. (2022). LIVES IN DEBT AND DISTRESS: A CASE STUDY ON INDEBTEDNESS OF FARMERS IN THE DRY ZONE OF HARYANA STATE, INDIA. Agricultural Socio-Economics Journal, 22(3), 181–191. https://doi.org/10.21776/ub.agrise.2022.022.3.4

Issue

Vol. 22 No. 3 (2022): JULY

Section

Articles

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