The Extent of Indebtedness among Farming Households in Punjab

By : Kiran Mann , Suman Chauhan

Page No: 222-232

Abstract
The productivity of Punjab's agricultural sector has been stagnant for some time, while cultivation expenses, farm sector earnings, and employment have all decreased. Farmers in Punjab's agricultural sector are straining under the weight of their massive debt, which is evolving into a significant political issue in the province. The scope and magnitude of household debt in four districts of Punjab—Sangrur, Mansa, Amritsar, and Hoshiarpur— are assessed using primary survey data. 200 farming households from all four districts are included in the study. Farmers are discovered to have a variety of institutional credit issues during the field visit, which causes them to borrow money from sly and exploitative noninstitutional credit sources. Therefore, it is necessary to strengthen current lending institutions to spur the agricultural sector's expansion and release farmers from debt.

Authors :
Kiran Mann : Research Scholar, Department of Geography, Kurukshetra University, Kurukshetra.
Suman Chauhan : Assistant Professor, Department of Geography, Kurukshetra University, Kurukshetra.
 

DOI: https://doi.org/10.32381/ATNAGI.2023.43.01.15