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Micro Finance for Agriculture in Asia: Can it Deliver?

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  • Surjit Singh

Abstract

This paper is an attempt to review limited Asian experience on role of micro finance in agriculture. It details peculiar features of agriculture vs micro finance. Experience in the field indicates that micro- finance can play a crucial role where all round and infrastructure development has taken place in rural areas due to private and government investments or by market forces; where productivity increases in dry land agriculture, in agricultural diversification and in the portfolio of rural livelihood options have occurred; where the risk of investment in agriculture by the poor has been lowered through insurance, irrigation and dry land agriculture technology; where people have market linkages for agricultural products; and where the poor have overcome oppressive relations, which deprive them of access to resources, markets, equal opportunity, management skills and social status. Finally, it is not either or situation, rural sector require finance and it has to be delivered to sustain communities and food security of poor countries.

Suggested Citation

  • Surjit Singh, 2010. "Micro Finance for Agriculture in Asia: Can it Deliver?," Millennial Asia, , vol. 1(2), pages 241-269, July.
  • Handle: RePEc:sae:millen:v:1:y:2010:i:2:p:241-269
    DOI: 10.1177/097639961000100205
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    References listed on IDEAS

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    8. Park, Albert & Ren, Changqing, 2001. "Microfinance with Chinese Characteristics," World Development, Elsevier, vol. 29(1), pages 39-62, January.
    9. Kloeppinger-Todd, Renate & Sharma, Manohar, 2010. "Innovations in rural and agriculture finance," 2020 vision focus 18, International Food Policy Research Institute (IFPRI).
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    Full references (including those not matched with items on IDEAS)

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