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Imapct of Agricultural Debt Waiver and Debt Relief Scheme-2008 in Dharwad Taluk of Karnataka

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Title Imapct of Agricultural Debt Waiver and Debt Relief Scheme-2008 in Dharwad Taluk of Karnataka
 
Creator Prajna B.S.
 
Contributor J.A. Handigol
 
Subject Agricultural Economics
 
Description The focus of the study was to analyse the impact of Agricultural Debt Waiver
and Debt Relief Scheme-2008 in Dharwad taluk. The purposive sampling technique
was employed to select 120 sample respondents comprising equal number of debt
waived, debt relieved and prompt paid borrowers across the study area. The study
revealed that institution wise amount of overdue was high in case of regional rural
banks with Rs.7.31 crore covering 2,546 accounts of debt waived borrowers.
Borrower wise overdue amount of debt relieved borrowers was higher than the debt
waived borrowers. Overdue amount was highest in case of crop loans. Benefit
extended for debt waived borrowers was 100 per cent and in the case of debt relieved
borrowers only 25 per cent of the total overdue amount was relieved. The scheme
helped farmers with fresh finance from the banks to the extent of Rs.0.47 crore but
prompt paid borrowers expressed negative impression on the scheme, since scheme
was only applicable to the defaulter borrowers. Majority (94%) of branch mangers
opined that scheme had helped in recovering the bad debts to the extent of Rs.27.61
but up on implementation of the scheme there was a decline in the proportion of
prompt repayment of credit as it motivated them to become willful defaulters. Hence
study suggested that instead of debt waiver and debt relief scheme, Government
should think of providing incentives in terms of interest subvention for regular
repayers and reduction of interest rates on agricultural loans which inculcates the
prompt repayment among the farming communities. As per bank officers’ suggestion,
legislation for recovery through legal proceedings is required. Writing off based on
criterion of defaulters should be stopped which otherwise motivate non-defaulters to
become defaulters and willful defaulters further with the expectation on that same
kind of incentives from the government.
 
Date 2016-11-10T16:04:22Z
2016-11-10T16:04:22Z
2011
 
Type Thesis
 
Identifier http://krishikosh.egranth.ac.in/handle/1/84944
 
Format application/pdf
 
Publisher UAS, Dharwad