Abstract
India’s supply-led approach to agricultural credit paid off in nonfarm growth, employment and rural wages. The impact of expanded credit on agricultural output has been modest, and the benefits of agricultural income exceed the costs of the programme only if optimistic assumptions are made about repayment rates on farm credit. © 1995, Taylor & Francis Group, LLC. All rights reserved.
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CITATION STYLE
APA
Khandker, S. R. (1995). The Impact of Formal Finance on the Rural Economy of India. The Journal of Development Studies, 32(2), 234–262. https://doi.org/10.1080/00220389508422413
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