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International Journal of Current Microbiology and Applied Sciences (IJCMAS)
IJCMAS is now DOI (CrossRef) registered Research Journal. The DOIs are assigned to all published IJCMAS Articles.
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National Academy of Agricultural Sciences (NAAS)
NAAS Score: *5.38 (2020)
[Effective from January 1, 2020]
For more details click here

ICV 2018: 95.39
Index Copernicus ICI Journals Master List 2018 - IJCMAS--ICV 2018: 95.39
For more details click here

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Original Research Articles

PRINT ISSN : 2319-7692
Online ISSN : 2319-7706
Issues : 12 per year
Publisher : Excellent Publishers
Email : editorijcmas@gmail.com / submit@ijcmas.com
Editor-in-chief: Dr.M.Prakash
Index Copernicus ICV 2018: 95.39
NAAS RATING 2020: 5.38

Int.J.Curr.Microbiol.App.Sci.2020.9(5): 1138-1145
DOI: https://doi.org/10.20546/ijcmas.2020.905.124


Repayment Behavior and Default Position of Credit Availed Farmers:  An empirical Study from Nayagarh District of Odisha, India
Surya Sidhant Rath*, Rajkishore Mishra and Sarba Narayan Mishra
Department of Agricultural Economics, College of Agriculture, Orissa University of Agriculture and Technology, Bhubaneswar, Odisha-751003, India
*Corresponding author
Abstract:

Efficient utilization of credit and prompt repayment go hand in hand. If the credit is utilized properly then there is every possibility of having good returns, which in turn can help to repay the loan in time and timely repayment helps the borrower to get escape from the debt trap and acquire the benefit of interest subvention provided by the government. An endeavor  is herein made to study the recovery performance of financial institutions  which was designed through a random sample survey of hundred credit availed farmers in the diverse agriculture terrains of Nayagarh district and analyzed by descriptive statistics. Out of the hundred respondents twenty seven respondents are the defaulters. The Cooperatives have better recovery performance than commercial banks and RRBs. This non-repayment scenario is owing to lack of post disbursement following up. Most of the borrowers (seventy three per cent) fully repaid to build trustworthiness, to avail future loan and for non-repayment, some of the borrowers are willfull defaulters and some have genuine issue for being defaulters i.e. crop failure. Strictly assessing economic feasibility through credit worthiness tests i.e. 3Rs, 5Cs and 7Ps by the banker before credit disbursement may help to assure prompt repayment.


Keywords: Credit, Cooperatives, Recovery, 3Rs, 5Cs and 7Ps
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How to cite this article:

Surya SidhantRath, Rajkishore Mishra and Sarba Narayan Mishra. 2020. Repayment Behavior and Default Position of Credit Availed Farmers: An empirical Study from Nayagarh District of Odisha, India.Int.J.Curr.Microbiol.App.Sci. 9(5): 1138-1145. doi: https://doi.org/10.20546/ijcmas.2020.905.124