2023, Vol. 8, Special Issue 5

This research examines the demand-supply gap of short-term agricultural credit (STAC) in Haryana, India, over the period of 2009 to 2018. The study reveals a substantial increase in STAC demand, attributed to the expansion of cultivation areas and rising agricultural costs. However, an uneven distribution of credit allocation is observed among districts, with certain regions experiencing credit oversupply, while others face deficits. Specifically, districts like Yamunanagar and Kaithal demonstrate the highest oversupply, with an excess of Rs. 14,114.3 Crores and Rs. 998.1 Crores, respectively. On the other hand, Sonipat, Mahendragarh, and Mewat face the most significant deficits, with Rs. 595.2 Crores, Rs. 457 Crores, and Rs. 421.6 Crores, respectively. To address this imbalance, the study advocates for a need-based credit allocation strategy, aiming to promote equitable agricultural development and financial inclusivity across Haryana. Understanding these patterns is crucial for formulating targeted policies to support sustainable agricultural growth and uplift rural communities.