Constraints Perceived by Dairy Farmers in availing and Repayment of Dairy Loans in Punjab

The present study was conducted in six villages from three blocks of three districts (Sangrur, Amritsar and Hoshiarpur of Malwa, Majha and Doaba regions of Punjab respectively) to find the constraints perceived by dairy farmers in availing and repayment of dairy loans). A sample of 150 dairy farmers was selected on the basis of multistage random sampling technique and categorized as small(less than 10 animals), medium(10 to 20 animals) and large (more than 20 animals). High rate of interest, too many intermediaries, lengthy complicated loan procedure, problem of financial guarantor and attitude of the loan officer were the main constraints in availing dairy loans. Low price of milk, costly feed and fodder, shortage of quality breed animals, low milk productivity, expensive animals and exploitation by animal traders and milk vendors were the main constraints in repayment of dairy loans.