Agro Money

What is Agriculture Finance

"Agricultural finance is the study of financing and liquidity services credit provides to farm borrowers. It is also considered as the study of those financial intermediaries who provide loan funds to agriculture and the financial markets in which these intermediaries obtain their loanable funds." John B. Penson, Jr. and David A. Lins (1980)

Why Agriculture Finance

India is mainly an agricultural country. Agriculture accounts for approximately 33 percent of India's GDP and employs nearly 62 percent of the population. It accounts for 8.56 % of India's exports. About 43 % of India's geographical area is used for agricultural activity. Agricultural production in this country depends upon millions of small farmers. It is intensity of their effort and the efficiency of their technique that will help in raising yields per acre. Finance in agriculture is as important as development of technologies. Technical inputs can be purchased and used by farmer only if he has money (funds). But his own money is always inadequate and he needs outside finance or credit. Because of inadequate financial resources and absence of timely credit facilities at reasonable rates, many of the farmers, even though otherwise willing, are unable to go in for improved seeds and manures or to introduce better methods or techniques. The farming community must be kept informed about the various sources of agriculture finance. Agricultural finance possesses its usefulness to the farmers, lenders and extension workers. The knowledge of lending institutions, their legal and regulatory environment helps in selecting the appropriate lender who can adequately provide the credit with terms and related services needed to finance the farm business.


Our Aim

Agro Money aims to disseminate useful information about Agriculture Finance to the farming community and service providers in the rural areas. Agro Money will create a platform for different levels in the rural agricultural landscape - farmers, cooperatives and professional bodies, farm machinery vendors, fertilizer and chemical companies, insurance regulators and agronomists, consultants, and farm advisors.

The major aim of Agro Money portal, is provide information regarding Agricultural Credit, Policies & Schemes, Credit Agencies, Financial Inclusion, Microfinance, NREGA, Market Information, Agricultural Best Practices, On & Off Farm Enterprises and various Products & Services.
This site will be useful for Agriculture graduates appearing for Bank's Agriculture Officer Exam, Officers already working in field of Agriculture Credit, Rural Development and related fields.

We foresee a 'knowledge society' in agriculture, by

• Providing timely and reliable information through our site
• Providing information about policies of Government and RBI regarding flow of credit to agriculture.
• Providing information about schemes available for agriculture finance.