Factors influencing overdue bank credit to banana growers in Tirunelveli district of Tamil Nadu
1S. Sasikumar and 2P. Shenbagaraj
1,2Department of Economics, St. Xavier’s College Autonomous, Palayamkottai - 627002 Affiliated to Manonmaniam Sundaranar University, Abishekapatti, Tirunelveli – 627012
ABSTRACT
In India, one of the main economic sectors is agriculture. All the resources required for the country’s development are available in India, including year-round market demand, a wide variety of biological resources, and the capacity to produce precipitation when needed. It is vital to comprehend the level of debt incurred by farmers and farming as a vocation in the nation today. The agricultural industry, and farmers in particular, would operate more efficiently if the government provided the advantages and assistance that are required. Institutional finance is a major factor in financing the modernisation of the farm sector. The primary goal of farm communities receiving institutional credit was to support them in using modern inputs wisely in order to increase productivity. In addition to recording farmers’ and financial institutions’ responses to the loan waiver, the current study attempts to determine the factors that determine how long a credit is past due. It is now more important than ever for banks to recover advances due to the alarming increase in past-due sums