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Analysis of Loan Disbursement to Agricultural Sector by Regional Rural Bank in Sirsa District of Haryana, India

Author Affiliations

  • 1Department of Economics, Central University of Haryana, Mahindergarh, INDIA
  • 2 Department of Economics, CDLU, Sirsa, Haryana, INDIA

Int. Res. J. Social Sci., Volume 4, Issue (3), Pages 54-57, March,14 (2015)

Abstract

The Indian Banking Sector has been the backbone of the Indian economy over the past few decades and the importance of the rural banking in the economic development of a country cannot be overlooked. Without the development of rural economy, the objectives of economic planning cannot be achieved. Hence, banks and other financial institutions are considered to be played a vital role for the development of the rural economy in India. Following the recommendations of the Narasimhan Working Group (1975), Regional Rural Banks were set up to meet the challenges of institutional credit both short and long term. This paper attempts to analyze the loan disbursement to agricultural sector and its compound growth rate during disbursement period. The study has been conducted in Sirsa district of Haryana and based on secondary data collection. The analysis revealed that Regional Rural Bank’s has been quite successful in disbursing agricultural loan in district Sirsa. The percentage of disbursement has fluctuated during the period under reference. In year 2005-06 percentage of agricultural disbursement is very high. Even total agricultural disbursement out of total disbursement has been found to be very low. Growth rates of agricultural sector loan has been 7.94 percent where as the total disbursement has risen with the growth rate of 9.28 percent. Both the disbursement has increased at 1 percent significant level.

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