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Contextualising credit transactions in artisanal marine fshing: insights from Kerala, India

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Title Contextualising credit transactions in artisanal marine fshing: insights from Kerala, India
Not Available
 
Creator Suresh, A.
 
Subject Small scale fsheries
Interest rate
Contract theory
Interlocked transactions
Parametric insurance
Fish marketing
Fisheries co-operatives
 
Description Not Available
The paper investigates the nature of credit
transactions in artisanal marine fshing in a developing economy by analysing the case of Kerala, a
south Indian state of India. The study examined the
structure of credit in marine fshing and its composition; interlocked credit-market and credit-labour
transactions; segmentation of credit market; interest rate variations, and the potential reasons for high
penetration of informal credit in marine fsheries in
the background of a relatively better developed formal fnancing system in sectors outside fshing. The
study concludes that the risk-sharing role of the informal credit in addressing the high variability of the
income stream in marine fshing and the failure of the
formal system to develop credit products internalising the risk element perpetuates the informal credit
dominated by output-credit interlocking between fshers and auctioneer-creditors. While the fshers share
the risk of high variability in income stream through
the sharing arrangement, the auctioneer-creditors are
assuring the fow of fsh to be auctioned. However,
the system is not without “exploitative elements”
triggered by the monopoly power of stakeholders,
particularly auctioneer-lenders. The traditional “triadic system” involving fshers, auctioneer-lenders
and the society as regulators of trust that sustained
the informal credit system is weakening due to extraneous forces. The study highlights the need to have
credit products that bundle insurance.
Not Available
 
Date 2024-06-07T22:15:22Z
2024-06-07T22:15:22Z
2023-05-14
 
Type Research Paper
 
Identifier Suresh, A. (2023) Contextualising credit transactions in artisanal marine fshing: insights from Kerala, India. Rev Fish Biol Fisheries, 33(3):699-715.
0960-3166
http://krishi.icar.gov.in/jspui/handle/123456789/83350
 
Language English
 
Relation Not Available;
 
Publisher Springer