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PREFACE i-iv

LIST OF TABLES v - vi

SECTION - I

Chapter : I

1. INTRODUCTION 1-38
PART-? I

1.1. Role of Agricultre 1

1.2. Agricultural Credit 15
1.3. Essentials of Agricultural Credit 25
1.4. Requisites of Good System of Agriculture
Finance 27
1.5. Estimates of Credit Requirements 30

PART-? 11

II. OBJECTIVE, SCOPE 8 METHODOLOGY

II.1 Objective of the Study 33

11.2. Importance of the Study 34
11.3. Scope 8 Methodology 35
11.4. Sources of Data 8 Techniques ofAnalysis 36
11.5. Plan of the Study 36

Chapter : II

THE STRUCTURE OF AGRICULTURAL CREDIT 39-86

IN INDIA
PART-I

1.1. Non-Institutional Sources 39

1.1. A. Moneylenders 39
1.1. B. Indigenous Bankers 42
I. i.C. Landlords 43
1.1. D. Traders and Commission Agents 44
1.1. E, Relatives and Friends 44
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1.2. Institutional Sources of Credit 45

I.2.A. Coopera tives 50
I.2.B. Government 59
I.2.C. Commercial Banks 62
I.2.D. Regional Rural Banks 65
I.2.E. State Bank of India 69

PART-II

II. Other Institutions 74

II.1. Agricultural Refinance Corporation Ltd. 74
II.2. Agricultural Refinance and Development
Corporation Ltd. 75
II.3. The Reserve Bank of India 79
II.4. National Bank for Agriculture and
Rural Development 84

SECTION - II

Chapter : III

NABARD : GENESIS, OBJECTIVES AND MANAGEMENT

AND ORGANISATIONAL STRUCTURE 87 - 138

PART*I

1.1. Views of Important Committees for an All-

India Organisation of Agricultural Credit 87
1.2. Genesis of NABARD 90
1.3. Objectives and Functions of NABARD 95
I.3.A. Objectives 95
I.3.B. Functions of NABARD 97

PART*II

11.1. Management and Organisational Set-Up 110

II.1.A. Board of Directors 113
II.l.B. Term of Office of Chairman and Other
Directors, Retirement and Payment of Fees 114
II.l.C. Term of Office of Managing Director and
Whole Time Directors
II.l.D. Meetings of the Board 116
II.2. Committees of NABARD 119
II.2.A. Executive Committee 119
II. 2.B. Other Committees 121
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11.2. C. Advisory Council 121

11.3. Various Departments of NABARD 123
11.3. A. Projects and Operation Department 124
11.3. B. Inspection Department 126
11.3. C. Finance and Accounts Department 127
11.3. D. Human Resource Management Development 128
11.3. E. Management Services Department 128
11.3. G. General Administration and Premises Department 129
11.3. H. Secretary's Department 129
11.3.1. Internal Audit Department 129
11.3. J. Vikas Volunteer Vahini Department 130
11.3. K. Planning and Development Department 130
11.3. L. Institutional Development Department 131
11.3. M. Economic Analysis and Publications Department 133
11.3. N. Technical Services Department 134
11.4. Regional Offices/Sub-offices 135

Chapter : IV

RESOURCE STRUCTURE AND FINANCIAL ANALYSIS

OF NABARD 139 - 1
PART-I

I. Analysis of Sources of Funds of NABARD 139

1.1. Share Capital 141
1.2. Reserves and Surplus • 143
1.3. Long-Term Funds 147
1.4. Borrowings 152
1.5. Deposits 157
1.6. Other Liabilities 163
1.7. Current Liabilities 163
PART11

II. Ratio Analysis 166

11.1. Capital Structure Ratios 167
11.1. A. Debt Equity Ratio 168
11.1. B. Fixed Assets to New Worth Ratio 170
11.1. C. Current Ratio 172
11.2. Profitability Ratios 175
11.2. A. Rate of Return Ratio (ROR) 177
11.2. B. Interest Coverage Ratio 181
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Chapter : V

REFINANCE OPERATIONS OF NABARD-I 184-240

1. Landing Terms and Conditions 185
l.A. Unit Cost 186
l.B. Beneficiaries Contribution 186
l.C. Amount of Refinance 187
l.D. Security of Refinance 188
l.E. Security from Ultimate Beneficiaries 189
l.F. Rate of Interest 189
l.G. Evalution Fee and Period of Loan 199
l.H. Repayment of Loans 200
1. I. Eligibility Criteria 202
l.J. Commitment Charges 202
l.K. Sanctions of Schemes - Documentation 202
2. Purposes 202
2.A. Farm Activities 203
2.B. Non-Farm Activities 2 04
3. Eligible Institutions 206
3.A. State Cooperative Banks (SCBs) 208
3.B. Regional Rural Banks (RRBs) 224
3.C. State Land Development Banks (SLDBs) 230
3.D. Commercial Banks (CBs) 233
3.E. State Governments 239

Chapter : vi

REFINANCE OPERATIONS OF NABARD-II 241-298

1. Quantitative Analysis 241

l.A. Year-wise Disbursements of Refinance 241
2. Qualitative Analysis 243
2.A. Short-Term (ST) Credit Limits, Drawals
and Outstandings of SCBs and RRBs 243
2.B. Medium-Term (MT) Credit Limits, Drawals
and Outstandings of SCBs and RRBs and
Long-Term Loans to State Governments 251
2.C. Region-wise and State-wise Sanctions,
Commitments and Disbursements under
Schematic Landing 259
2.D. Disbursements by NABARD to Less Developed
and/or Underbanked States 271
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2.E. Agency-wise Sanctions and Disbursements

under Schematic Lending 274
2.F." Purpose-wise Sanctions and Disbursements
of Refinance 278
2.G. Purpose-wise Disbursements under IRDP 287
2.H. Agency-wise Disbursements under IRDP 287
2.1. Amount Disbursed to Small Farmers 289
2.J. Credit Authorisation Scheme (CAS) 289

Chapter : VII

NABARD'S REFINANCE ASSISTANCE IN U.P. 299 -

1. Loca tion 299

2. Popula tion 299
3. Rainfall and Climatic Conditions 300
4. Drainage 302
5. Land 302
6. NABARD's Refinance In U.P. 304

Chapter : VIII

CONCLUSIONS AND SUGGESTIONS 312 -

Annexure 1 327

Annexure 2 328

Annexure 3 332

BIBLIOGRAPHY 333 - 335