Impact of credit on productivity of soybean in Akola district of Maharashtra

Abstract

The present study has attempted to assess the impact of the agricultural credit on productivity of soybean crop Akola district of Maharashtra. Primary data was collected with the help of pre-structured interview schedules. The study found that the socio-economic characteristics of the farmers contribute majorly for the decision to borrow credit from different lending agencies available. The findings also revealed that most of the farmers borrowed the credit from the formal institutions. The results of the study showed that the productivity as well as cost of cultivation of non-beneficiaries were less compared to the beneficiaries. Hence it was confirmed from the study, that there was positive impact of the agricultural credit on the soybean production.