Rural Credit And The Socio-Economic Livelihood Of Marginal And Small Farmers In Assam: An Empirical Study Of Cachar District

Abstract

The study focuses on the significance of agricultural credit that can bring change in the life of small and marginal farmers. It aims to generate employment and income for the poor and poverty reduction in developing countries like India. This socio-economic impact of the agricultural credit may lead to an increase in income and employment which will further lead to better access to education, health care and other basic amenities of life. It may also nurture the potential skills, abilities, and overall personality of an individual. The present paper is exploratory in nature. It has explored the role of the socioeconomic life of small and marginal farmers in the Cachar district of Assam. The data was collected through a questionnaire from 300 marginal and small farmers.  The statistical tools applied for the study were “Exploratory Factor Analysis (EFA)”, and “Multiple regression analysis.” In the case study credit delivery effects on socio-economic life of the farmers consists of a number of different factors such as personal factors, society related factors, current consumption related factors, family related factors, current income related factors and future investment factors.