Agricultural Economics

Agriculture is the primary source of income of individuals residing in the rural regions across India. Every year, farmers and peasants need to invest a considerable amount of funds to ensure a healthy harvest. Thus, they often resort to borrowing money from moneylenders and financial institutions to fulfill their basic needs before harvest season arrives, and they can earn money by selling their crops. Thus, any loan taken for agricultural purposes or small home businesses across the rural areas in India is known as a Rural Credit. Sources of Rural Credit  Below are the five major sources for Rural Credit in India:- 1. Land Development Banks  These banks provide a considerable sum of money as a credit to farmers by using their land as collateral. This low-interest loan has a repayment tenure ranging between 15 and 20 years. Farmers are free to avail this loan to bear the cost of land development work, including the creation of wells or other irrigation related facilities. St...

MEANING Land Reforms usually refers to redistribution of Land from rich to poor. It include  Regulation of Ownership, Operation, Leasing, sale and Inheritance of Land.  In an agrarian economy like India with massive inequalities of wealth and income, great scarcity and an unequal distribution of land, coupled with a large mass of people living below the poverty line, there are strong economic and political arguments for land reforms. Land reform is the major step of government to  assist people living under adverse conditions . It is  basically redistribution of land  from those who have excess of land to those who do not possess with the  objective of increasing the income and bargaining power of the rural poor . The purpose of land reform is  to help weaker section of society and do justice in land distribution . The Indian Government was committed to land reforms and to ensure distributive justice as was promised during the freedom struggle. C...