Theories Of Agricultural Finance

The book attempts to analyse certain theoretical aspects evolved in agricultural credit system and discusses the role of agriculture in economic development, the characteristics of Indian agriculture, and theories of agricultural finance, elaborating the concept of the Cooperative Village Bank (CVB) which constitutes a remedy for many of the cooperative credit system. Since cooperation is the only system to be adopted to develop the farm economy in particular and rural economy in general, it suggests a new system in the form of CVB to restructure the whole cooperative movement at grassroot level.
The book includes five chapters dealing with various aspects of agricultural credit system. The first chapter reviews the characteristics of Indian agriculture and identifies the role of agriculture in the economy. The next chapter deals with a critical study of agricultural credit, wherein the agricultural finance system operating in India has been critically reviewed. In the third chapter, a few principles of agricultural finance and some theoretical analyses have been explained with a view to identify the nature and scope of farm credit. The fourth chapter suggests cooperative village banks with empirical evidence to restructure the Primary Agriculture Cooperative Societies (PACS) in rural areas. The last chapter of the book concludes the whole study that cooperative movement has gained the sympathy and response from the rural people and has a vertical and horizontal linkage with various development activities.