Published Paper Details:

Three factors in every economy i.e. agriculture, industry and commerce are highly related to each other. If there is expansion in one sector other two will also expand or develop. It means these factors are positively interrelated to each other. No doubt, for the overall economic development Banks cannot be overlooked. Banking sector in India has attained an orientation from recent period of time to time and occupies a prominent position as infrastructural factors for development of economy. Agriculture in India is the cultivation of land involves production of crops, livestock and forestry, fishery, processing and marketing of those agricultural productions and also provides food for man, animals and industries. The crop productivity is directly related with use of manures and fertilizers. But small and marginal farmers are unable to purchase and use chemical fertilizers. With the technological breakthrough in Indian agriculture, farmers need to borrow more credit for capital requirements to purchase different farm inputs. Our Indian farmers are not able to meet the expenditure, due to low size of the holdings, low productivity of per acre, low income and high level of consumption. So that agricultural finance has to increase for farmers and for rural development. Indian economy has been passing through a rapid transition phase with structural transformation and rapid growth of the service sector. But this growth is sustainable only if it is followed by stability of income and production in agriculture to generate adequate market potential. India still has a dominant agriculture sector in the economy in terms of revenue generation as well as employment.