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Magnitude and Determinants of Indebtedness Among Farmers in Punjab

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  • Singh, Sukhpal
  • Bhogal, Shruti
  • Singh, Randeep

Abstract

The ongoing agrarian crisis in Punjab is becoming a centrestage issue as the farmers are reeling under debt arising from stagnant productivity and low profitability. The total debt burden on Punjab farmers is estimated to be Rs. 22943 crores and the debt per farm household is Rs. 218092. The level of education, non-farm income, farm size and non-institutional credit were the main factors which affect the level of farmers’ indebtedness. The farmers face a large number of problems in availing institutional credit which drives them to fall into the debt trap of the crafty and exploitative non-institutional sources of credit. There is a need to strengthen the existing credit delivery system to accelerate growth of the farming sector for evacuating the peasantry from the incessant debt trap.

Suggested Citation

  • Singh, Sukhpal & Bhogal, Shruti & Singh, Randeep, 2014. "Magnitude and Determinants of Indebtedness Among Farmers in Punjab," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 69(2), pages 1-14.
    • Handle: RePEc:ags:inijae:206379
    DOI: 10.22004/ag.econ.206379
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    References listed on IDEAS

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    1. Kumari, R. Vijaya, 2005. "An Economic Analysis of Rural Indebtedness in Northen Telangana Zone of Andhra Pradesh," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 60(3), pages 1-7.
    2. Samal, B., 2002. "Institutional Credit Flow to West Bengal Agriculture: Revisited," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 57(3), September.
    3. Narayanamoorthy, A. & Kalamkar, S.S., 2005. "Indebtedness of Farmer Households Across States: Recent Trends, Status and Determinants," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 60(3), pages 1-13.
    4. Singh, Sukhpal & Toor, M.S., 2005. "Agrarian Crisis with Special Reference to Indebtedness among Punjab Farmers," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 60(3), pages 1-12.
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    Cited by:

    1. Jakhar, Babloo & Kait, Rohtas & Kumar, Vijay, 2022. "Borrowing and repayment hardships: evidences from farmers in Haryana," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 15(4), December.
    2. Jakhar Babloo & Kait Rohtas & Kumar Vijay, 2022. "Borrowing and Repayment Hardships: Evidences from Farmers in Haryana," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 15(4), pages 562-580, December.
    3. Jakhar Babloo & Kait Rohtas & Kumar Vijay, 2023. "Loan Utilisation and Repayment Behaviour: Evidence from Farmers of Haryana," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 16(2), pages 286-316, June.
    4. Sharma, Isha & Sekhon, M. K. & Singh, Sukhpal, 2023. "Viability of Punjab’s Small Peasantry: Reflections from Field Data," Indian Journal of Agricultural Economics, Indian Society of Agricultural Economics, vol. 0(Number 4), December.
    5. Rohit Saini & Manjeet Kaur & Randeep Singh & Kashish Arora & Gurlal Singh & Gurleen Kaur & Sukhdeep Singh & Arshdeep Singh & Dalbeer Singh, 2022. "Understanding Sustenance of Small Farm Holders: A Study of Income Inequality among Farm Households in Indian Punjab," Sustainability, MDPI, vol. 14(20), pages 1-14, October.
    6. Jakhar, Babloo & Kait, Rohtas & Kumar, Vijay, 2023. "Loan Utilization and Repayment Behavior: Evidence from Farmers from Haryana," Economic and Regional Studies (Studia Ekonomiczne i Regionalne), John Paul II University of Applied Sciences in Biala Podlaska, vol. 16(2), June.
    7. Pritam Singh & Shruti Bhogal, 2021. "Interrogating the MSP Regime, Farm Laws and Agrarian Future in India," Millennial Asia, , vol. 12(3), pages 332-349, December.

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