Vol. 19 No. 1
Economic evaluation of Kisan Credit Card scheme for smallholder farmers: An empirical study in Manipur
Author(s): K. R. SINGH, N. U. SINGH, T. B. SINGH, K. TONGBRAM AND I. M. SINGH
Abstract: The present study attempted to evaluate KCC scheme being implemented in Manipur state. The study found that average amount borrowed by beneficiaries was ₹ 35,675 with interest rate 7% per annum. Non-beneficiaries borrowed money from informal sources with interest rate of 47.4% per annum. The study found that repayment rate was very poor for both the group with an outstanding amount of 71.03% for beneficiary and 95.92% for non-beneficiary group. The significant factors affecting the adoption of KCC are education, membership of Farmers’ club/ SHGs, winter and summer cultivation and extension contact. High cost of cultivation and low yield were main reasons for poor repayment of loan by beneficiaries’ while high household expenses and no earning in off-season were the main reasons for non-beneficiaries. The study emphasized that KCC should be made available to all eligible farmers and effective utilization is necessary to get the best yield of crop grown which will help in timely repayment of loan.
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