A Sociological Analysis on Debt among Small and Marginal Farmers of Southern Region of Haryana

Rural indebtedness has deep ischolar_mains in the country. The mounting burden of rural debt has crippled the rural economy. Agricultural strategies are mainly related to farmers with large land holdings. The facilities are not accessible to small and marginal farmers. These conditions adversely affected the small and marginal farmers as they are vulnerable to crop losses and price fall. They take loan to fulfill their agricultural and non-agricultural needs. Therefore, the issue of farmers' indebtedness becomes a matter of intense debate for whole of the country and as well as for Haryana. In this background, the present study was conducted to assess the status of farmers' indebtedness in the Southern region of Haryana State in detail. The results of the study indicate that an average amount of loan of Rs. 162087.00 was taken by respondents from institutional sources and non-institutional (Rs. 67865.00) for the purpose of agricultural and non-agricultural needs. It was suggested that respondents should be motivated for taking loan from institutional sources of loan and encouraged to adopt crop insurance scheme.