Magnitude and Determinants of Indebtedness Among Farmers in Rural Punjab

The objective of the present paper is to estimate and compare the debt position of the sampled households of the different farm-size categories in the rural areas of Punjab. The concentration of debt within various categories has also been studied. Source-wise debt has been classified according to the lending agencies. The various purposes for which the different categories of the farmers owed debt have also been studied. The debt incurred by different farm-size categories at various rates of interest have also been discussed in this paper. The present study is based on 631 farm households and relates to the year 2010–11.