A Scenario of Agricultural Finance and Its Impact on Farmers: A Brief Review of Literature

Abstract

Agriculture finance is a major contributor to agricultural operations' profitability and productivity. Farmers are accessing finance facilities for irrigation, land expansion, and Farm mechanization. This study aims to conduct a rigorous review of the needs, availabilities, and policy intervention in the segment of farm financing. The paper also intends to check the impact of agriculture financing on farmers' income levels. The study is based on secondary data sources like publications, websites, and reports from NABARD and the Reserve Bank of India. Google Scholars, Research Gate, Shodh Ganga, Science Direct, etc. are core source areas of the papers reviewed in this study. The Study describes the literature review on agriculture finance and its impact on farmers from 2001 to 2023. The study revealed that farm finance plays a vital role in setting smallholder systems, improving infrastructure, increasing labor availability, and setting automation in agriculture operations. The present review paper consists of comprehensive literature on agriculture finance that involves many financing strategies that affect the income level of farmers and it will also help the Academicians, Researchers, and Professionals for next-level work on the topic of agricultural finance.