Utilization Trends of the Kisan Credit Card (KCC) Beneficiaries

Abstract

One of the most essential resources in contemporary agriculture is credit. As a result, there is a need to expand agricultural finance, boost land productivity, and raise the potential and effectiveness of using water resources for agricultural output. Credit is needed, among other things, for the adoption of agricultural technology, the purchase of contemporary inputs and tools, the development of land, the purchase of animals, and the purchase of raw materials. By enabling farmers to satisfy their credit needs throughout the whole cycle of crop production and at the same time providing money for investment reasons, agriculture credit plays a significant role in preserving agricultural production. To better understand "Utilization Trends of Kisan Credit Card (KCC) Beneficiaries," the current study was proposed. Descriptive research design was used for the study. For this study, 120 farmers were specifically chosen as a sample from the Eligaid mandal of Peddapalli District of Telangana Sate. According to the data, the majority of respondents had socio-economic profiles that are on the middle level. It was discovered that majority of respondents had a medium level of utility for the Kisan Credit Card. Age, education, home type; landholding, annual income, family type, savings increased, income levels increased by this scheme and level of utility etc. were all found to be significantly associated with the credit utilization of the Kisan credit card at 0.05 level of significance by applied the chi-square and one-way ANOVA statistical tests in SPSS.