National Agricultural Credit Policy

National Agricultural Credit Policy M Narasimham AGRICULTURAL credit is best considered as an element of the total credit picture in the economy. Its availability and cost should appropriately form part of the total resources availability to the credit institutions which determines their ability to purvey credit in the amounts and at the rates they do. This, obviously, is an approach to the problem from the side of supply of credit. But the supply side is not all, There is the question of the appropriate level of demand for agricultural credit This, in turn, depends upon the level at which the agricultural economy is operating, the new directions into which agriculture is expanding and the tech- no-economic requirements of agricultural production and investment.