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CASE STUDY
Farmers’ perception of causes and consequences of their indebtedness in Haryana, India
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1
Department of Economics, Chaudhary Devi Lal University, Sirsa, India
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Department of Economics, Chaudhary Ranbir Singh University, Jind, Haryana, India
CORRESPONDING AUTHOR
Babloo Jakhar   

Department of Economics, Chaudhary Devi Lal University, Sirsa, Barnala Road, Sirsa, 125055, Sirsa, India
Submission date: 2022-02-27
Acceptance date: 2022-03-15
Online publication date: 2022-03-31
Publication date: 2022-03-31
 
Economic and Regional Studies 2022;15(1):56–73
 
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ABSTRACT
Subject and purpose of work: The study aims to highlight the perception of farmers regarding the causes and consequences of their indebtedness. Materials and methods: The study was based on primary data collected (by field survey) from a sample of 600 farmers. With regards to the selection of farmers or respondents, the proportionate sampling technique was employed. Percentage technique was used for data analysis. The data were collected in the first quarter of 2021. Results: It was found that 95.67% of the farmers (out of 600) reported low prices for agricultural output as being the main cause of their indebtedness, followed by crop failure (89.00%), the high cost of inputs (85.00%), high interest rates (61.17%) and small landholdings (58.83%). In addition, consequences reported by loanee farmers were deterioration in their social status (67.83%) and psychological stress (57.67%). However, positive changes experienced by farmers after repaying a loan were less than the negative experiences. Conclusions: The main causes of farmers’ indebtedness were crop failure and the high cost of inputs compared to the price of their produce. Due to their indebtedness, their economic and social status deteriorated and they experienced the feeling of insecurity.
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REFERENCES (5)
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Darling, M. (1925). The Punjab Peasants in Prosperity and Debt. London: Oxford University Press.
 
2.
GoH. (2020). Statistical Abstract of Haryana 2018-2019. Department of Economic and Statistical Analysis, Haryana. Downloaded from: http://esaharyana.gov.in/en-us... (access: 08.01.2022).
 
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GoH. (2013). Working Group Report on Productivity Enhancement of Crops in Haryana. Haryana Kisan Ayog. Downloaded from: http://www.haryanakisanayog.or... (access: 08.01.2022).
 
4.
Jakhar, B., Kait, R. (2021). Indebtedness among farmers in Haryana state, India. Economic and Regional Studies, 14(3), 373-384. https://doi.org/10.2478/ers-20....
 
5.
Patil, B.V. (2008). Agricultural Indebtedness: Crisis and Revival. Economic & Political Weekly, 43(5), 47-52.
 
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ISSN:2083-3725