ISSN: 2265-6294

Assessing the Impact of the Chhattisgarh State Agricultural Debt Relief Program on Borrowers from the Chhattisgarh Rajya Gramin Bank

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Govind Vishwakarma,Umesh Gupta

Abstract

In an effort to alleviate the financial burden on farmers, the Chhattisgarh state government implemented the Short Term Agricultural Debt Relief Program in [2018]. This program aimed to waive a significant portion of agricultural loans outstanding to borrowers from various financial institutions, including the Chhattisgarh Rajya Gramin Bank. This research paper examines the impact of this program on borrowers from the Chhattisgarh Rajya Gramin Bank. Determine if the programme was successful in lowering the debt load of the agricultural borrowers of Chhattisgarh Rajya Gramin Bank. Find out how the programme affected the income, repayment habits, and creditworthiness of the borrowers. Consider the investment, productivity, and economic development that the programme may bring to Chhattisgarh's agricultural industry as a whole. The research will employ a descriptive approach. Quantitative data will be collected from secondary sources such as bank records and government reports to assess changes in loan balances, repayment rates, and borrower demographics. This research is expected to provide valuable insights into the effectiveness and potential drawbacks of the Chhattisgarh Agri Debt Relief Program, specifically for borrowers from the Chhattisgarh Rajya Gramin Bank. The findings will contribute to the ongoing debate on the efficacy of debt relief programs for farmers and inform future policy decisions aimed at supporting the agricultural sector in India.

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