Institutional credit is essential for economic development. It is considered as a pre condition for macroeconomic stability and monetary policy execution. It is also a key element of agricultural modernisation and increased crop production; it makes production possible even for those who do not possess their own funds for it. In India, along with institutional credit, a parallel system of non institutional credit delivery is highly prevalent in the rural areas. The interest rates are very high in this system.
Chandrama Goswami, Sanghamitra Hazarika (2019); Status of Institutional Credit in Assam with Special References to Small and Marginal Farmers; International Journal of Scientific and Research Publications (IJSRP)
9(7) (ISSN: 2250-3153), DOI: http://dx.doi.org/10.29322/IJSRP.9.07.2019.p9191