ROLE OF GRAMIN BANKS IN SUSTAINABLE AGRICULTURE DEVELOPMENT OF HARYANA

Agriculture plays a crucial role in the development of the Indian economy. It accounts for about 19.00 per cent of GDP and about two-thirds of the population is dependent on the sector. The importance of farm credit as a critical input to agriculture is reinforced by the unique role of Indian agriculture in the macroeconomic framework and its role in poverty alleviation. The present study was conducted on Haryana Gramin Bank in the districts viz; Hisar (Neoli Kalan) and Ambala (Patvi). A sample of 120 respondents from the four villages falling under Neoli Kalan and Patvi branches were considered for studying the pattern of deposit mobilization, recovery performance, borrowing pattern and diversion. It was concluded that deposits and loans advanced from the banks have continuously increased over a period of time. Haryana Gramin Bank played a significant role to increase of income of the farmers with the help of loans which increased the productivity of different crops and made the farmers capable of taking up the new technologies in agriculture.