aCentral Institute for Research on Goats, Makhdoom, Farah, Mathura – 2811 22, Uttar Pradesh
bDepartment of Agricultural Economics, College of Agriculture, Gulbarga - 585 1019, Karnataka
cDepartment of Agricultural Economics, ASPEE College of Horticulture and Forestry, NAU, Navsari, Gujarat
Online published on 24 November, 2014.
This study has investigated the role of financial institutions in goat trade by studying APMC-Gunj Goat Market of Gulbarga district. The data were collected from 30 buyers and 30 sellers on the sale of 169 goats and purchase of 259 goats in this weekly market. The socio-economic status of buyers and sellers indicated that most of them were illiterate, belonged to SC and OBC social classes and had average annual income of 86 thousand. This market was identified as the terminus market as most of the goats were sold by the itinerant traders to the butchers who sale goat meat, and only a few goats were moved for further transaction. The role of credit institutions in goat trade was examined in terms of the percentage of sellers and buyers availing credit facilities from different sources. The study has revealed that about 75 per cent buyers as well as sellers availed institutional and noninstitutional credit. Professional money lenders played an important role and provided credit amounting to 6.5 lakh to almost 50 per cent of buyers and sellers at a high interest rate. It was found that Rotating Saving and Credit Association (ROSCA, locally called ‘Society’) played an important role and provided sufficient funds at low interest rate to start goat business.
Financial institutions, credit, goat market, Karnataka
