Average debt of farmer households increased by 57% in five years till 2018

The survey also revealed the number of agricultural households with 4.67 crore outstanding loans during July-December 2018, which is about one lakh less than the 2013 estimate.

Harikishan Sharma.

The average outstanding loan of farmer households increased by 57.7 per cent to Rs 74,121 in 2018 from Rs 47,000 in 2013 five years ago. This was revealed in the latest findings of a survey by the National Statistics Office.

The Ministry of Program Implementation and Statistics (Ministry of Program Implementation and Statistics) on Friday (September 10, 2021) released the findings of this survey (Status of agricultural households and land holdings of households in rural India, 2019) on Friday (September 10, 2021). It also estimated that the average monthly income from various sources increased by 59 per cent to Rs 10,218 in 2018-19 based on the ‘expenses paid’ approach as compared to Rs 6,426 in 2012-13. More than 50 per cent of the increase in income was due to monthly wages, which almost doubled to 4,063 in 2018 from Rs 2,071 in 2013.

The agricultural year in India begins in July and ends in the following June. The survey also revealed the number of agricultural households with 4.67 crore outstanding loans during July-December 2018, which is about one lakh less than the 2013 estimate. The number of agricultural households during 2018-19 was estimated at 9.30 crore.

During the survey, information was collected twice: July-December 2018 and January-June 2019. Data on outstanding loans was taken on the day the information was collected from the households surveyed during the first visit.

The survey defines an agricultural household as receiving more than Rs 4,000 as the value of produce from agricultural activities (for example cultivation of farm crops, horticultural crops, fodder crops, plantations, animal husbandry, poultry, fisheries, etc. rearing, pig rearing, bee keeping, vermiculture, sericulture etc.) and in agriculture at least one member is self-employed either in prime position or in subsidiary position in the last 365 days.

The national average outstanding debt in July-December 2018 was Rs 74,121. It was highest in Andhra Pradesh at Rs 2.45 lakh and lowest in Nagaland at Rs 1,750. Of the 28 states for which data is available, 11 states – Andhra Pradesh, Kerala, Punjab, Haryana, Telangana, Karnataka, Rajasthan, Tamil Nadu, Himachal Pradesh, Maharashtra and Madhya Pradesh – have higher average outstanding loans per household than the national average ( in 2018).

In three states – Andhra Pradesh (Rs 2.45 lakh), Kerala (Rs 2.42 lakh) and Punjab (Rs 2.02 lakh), the average outstanding loan per agricultural household was more than Rs 2 lakh, while five states – Haryana (Rs 1.82 lakh), It was more than Rs 1 lakh in Telangana (Rs 1.52 lakh), Karnataka (Rs 1.26 lakh), Rajasthan (Rs 1.13 lakh) and Tamil Nadu (Rs 1.06 lakh).

Between 2013 and 2018, the average outstanding credit per agricultural household increased from 13.52 percent to 709 percent in 25 states, while three states – Tamil Nadu (-8 percent), Manipur (-9 percent) and Arunachal Pradesh (34 percent) – a decline was recorded.

In percentage terms, 16 states showed growth above the national average of 57.7 percent. Of these, more than 100 percent growth was registered in 10 – Mizoram (709 percent), Assam (382 percent), Tripura (378 percent), Sikkim (225 percent), Himachal Pradesh (206 percent), Nagaland (191 percent). percent), Jammu and Kashmir (149 percent), Madhya Pradesh (131 percent), Haryana (131 percent) and Chhattisgarh (110.23 percent).

Out of an average monthly income of Rs 10,218 per agricultural household (based on the ‘expenses paid’ approach), Rs 4,063 came from wages, Rs 134 from leasing out land, Rs 3,798 as net receipts from crop production, Rs 1,582 came from animal farming and Rs 641 from non-farm business.

In 2018-19, the average monthly income per agricultural household on the basis of ‘expenditure paid and spent’ methodology was estimated at Rs 8,337. In cases where no actual expenditure was made by the family for a particular input (ie inputs used from domestic stock or from free collection, eg seed from own stock, own and unpaid family labour, owned animals) and machine labor etc.), there the ‘expenditure incurred’ is reported in the survey.

Out of an average monthly income of Rs 8,337 per agricultural household (based on the ‘expenses paid’ approach), Rs 4,063 came from wages, Rs 134 from leasing out land, Rs 3,058 from crop production, Rs 441 from livestock farming. And Rs 641 came from non-agriculture business.

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