Year: 2022 | Month: September | Volume 9 | Issue 3

A Study on Fifty Years Journey of Bank Nationalization: Special Reference to Agricultural Credit

Jai Prakash R.P. Singh


The study revealed that the number of branches of banks per year in rural area has increased more than that of other area during fifty years of banks nationalization, but it is lag behind according to number of rural populations. The banking facility has significantly increased per thousand population from 64000 to 9000 between 1969-70 to 2019-20 in the country. The study also reveals that at the time of bank nationalization co-operative banks contributed more than 85 per cent share in total farm credit which reduced to 17 per cent in 2017-18 that was replaced by commercial banks, and rural banks (87%) in the same year 2017-18, respectively. The share of cooperative banks in investment loan has sharply declined during 1970-71 to 2017-18 at 3 per cent only from 57 per cent. It indicates all most dead of this organization in the country. The growth rate per annum was higher after globalization period in the country. There has been tremendous change in amount of bank credit per hectare net sown area and gross cropped area between 1970-71 to 2017-18. The overall study suggests that rural population need to be special attention for availing better facility of nationalized banks and rural bank branches in village area. In this connection, lead banks of the area can play important role.

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AgroEcoomist-An International Journal In Association with AAEBM