IMPACT OF RURAL CREDIT ON AGRICULTURAL PRODUCTION IN INDIA
Keywords:
Agriculture, employment, finance, relationship.Abstract
Agriculture is an important sector for our economy as a contributor to GDP as well as provider of employment to around fifty thousand people. In India agriculture sector suffers from lack of capital and finance and we know is most important for any sector to thrive. Thus in our current work we try to look how rural credit affects the performance of agriculture sector. We use regression analysis to test the relationship between rural credit and agriculture output. Our work shows that rural credit indeed has an impact on output via input provision. We also check whether there is any change in relationship between the two over a period of time and we actually see it.
References
Agricultural statistics at a glance, 2011, DES, Department of Agriculture and Cooperation, Ministry of Agriculture, Govt. of India
Gregory C. Chow, “Test of Equality between Sets of Coefficients in Two Linear Regressions,” Econometrica, vol.28, no.3, 1960, pp.591-605
www.indiastat.com
www.mospi.nic.in
eands.dacnet.nic.in
Regression results are derived using STATA 12 computer software package.
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