Study on Repayment Behavior of Beneficiary Farmers among Kisan Credit Card Scheme in Dewas District of Madhya Pradesh

Abstract

India lives in villages. The majority of our country’s population depends upon agriculture. 
Hence, there is a great need for inclusion of rural people in the financial framework. When it is 
considered rural credit system to facilitate various financial needs of the rural folks or farmers, it has 
many dimensions. Over the years, NABARD has taken initiatives to supply adequate credit to farmers, 
which has made the rural finance system more efficient. Kisan credit card users were determined on 
the basis of the time to which they repaid their loan and categorized into three groups i.e. those who 
repaid their loan in schedule date termed as ‘regulars’. Those who repaid their loan after scheduled 
date of repayment termed as ‘irregulars’. Those who failed to repay their loan on schedule date termed 
as ‘defaulter’. Finding reported that repayment behaviour of KCC holders the result showed that the 
majority (46.67 per cent) of the respondents were found to repay their credit on timely, 29.17 per cent 
respondents were found who not capable to repay their credit on time schedule and 24.16 per cent 
respondents were found who had defaulter