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AG ECON 541 AGRICULTURAL FINANCE II                                                                            (3L+0P) I

Objective
  To appraise the students about various sources of credit. The evolution, objectives, and performance of the institutional sources of credit are covered in this course.

Theory

UNIT I
  Evaluation of Agricultural Credit and Polices in India-history of rural financial market, relative importance of various credit institutions. Financial intermediaries, their role and importance in Agricultural Development. Review of various Committee Reports on Rural Credit and Investment- Rural Debt and Investment Surveys. All India Rural Credit Survey Committee Report, All India Rural Credit Review Committee Report, CRAFICARD report, Khusro Committee Report, Narasimham Committee Report, Vyas Committee report.

UNIT II
  Cooperative Banking Institutions-Role of cooperatives in financing agriculture-Social control of credit: Bank nationalization, Lead Bank Schemes, Preparation of District Credit Plan, Group lending, Role of commercial banks in financing agriculture, Rural credit review panel report-Multi agency approach. Small farmers development agencies. Role of State Bank of India in financing agriculture.

UNIT III
  Role of Reserve Bank of India in financing agriculture. Agricultural financing and infrastructure programmes for weaker sections. Credit guarantee scheme-Crop insurance. Agricultural Finance Corporation, Agricultural Refinance Corporation, NABARD-Agricultural taxation, Agricultural subsidies and Indian agriculture. Micro-Financing and Role of MFIs-NGO’s and SHG’s. Role of functioning of International Financial Institutions-World Bank, IMF and Asian Development Bank.

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