Correlates of Knowledge and Adoption of Loans Advancement Process of Lead Bank in Faizabad District (UP)

Rohit  Jaiswal; Sunil  Kumar; Anjali  Verma

doi:10.48165/jes.2021.37.2.4

Authors

Rohit Jaiswal Research scholar, Department of Extension Education, N.D.U.A.T., Faizabad
Sunil Kumar 2Assistant Professor Department of Agriculture, IIAST, Integral University, Kursi Road Lucknow, Uttar Pradesh, India
Anjali Verma Institute of Agricultural Science,s Department of Agricultural Extension Bundelkhand University Jhansi 284128 (U.P.)

DOI:

https://doi.org/10.48165/jes.2021.37.2.4

Keywords:

Bank credit, Adoption, Extension policy, Agriculture

Abstract

As per 2011 census 68.5% of India is rural population and around 62% population depends on agriculture for a living. Agriculture sector provides employment to nearly 52% of the work force. Lead Bank is a unique model formulated by the RBI to reduce regional and sectorial imbalances existing in the economy. The study was conducted on 100 beneficiaries selected through proportionate sampling from five sample villages of Masodha block of Faizabad district (U.P.) selected purposively. The structured schedule was used to contact respondents personally for data collection. The impact of government sponsored scheme on beneficiaries before and after utilizing the bank credit in terms of income, asset and employment generation was examined and evaluated. The findings show that out of 17 variables like age, education, extent of contact, risk orientation and extent of knowledge regarding process of loan had highly significant and positive correlation with adoption of process of advancement of loan. The finding of the study may be a direction for extension policy makers and government to frame suitable policy to increase loan advancement for upliftment of rural people.

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