Understanding Credit Classification in Agriculture
Dive into the world of agricultural credit needs and its classification with this informative lecture by Dr. J.P. Singh. Explore the meaning, definition, and types of credit, including short-term, medium-term, and long-term loans, as well as production, investment, and marketing loans. Gain insights into the various aspects of credit classification based on time, purpose, security, liquidity, and more.
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Presentation Transcript
LECTURE PREPARED BY - Dr. J P Singh Associate Professor (SGRRU, Dehradun ) DEPARTMENT of AGRICULTURE SHRI GURU RAMRAI UNIVERSITY, DEHRADUN UTTARAKHAND
Outline Credit needs in agriculture Meaning and definition of credit Classification of credit
Credit? As per GALBRAITH credit is temporary transfer of asset from one has to other who has not. Credit in Agriculture? Buying agricultural inputs like seeds fertilizers plant protection chemicals feed and fodder for cattle etc. Supporting their families in those years when the crops have not been good. Increasing farm efficiency as against limiting resources.
Classification of credit Based on time Based on purpose Based on security Lender s classification Borrower s classification Based on liquidity Based on approach Based on contact
Classification of credit Short term loans Based on time Medium term loans Long term loan
Classification of credit Production loans Investment loans Based on purpose Marketing loan Consumption loan
Classification of credit Personal loans Collateral loans Based on security Chattel loan mortgage Hypothecated loan
Classification of credit Institutional credit Lender s Classification Non-Institutional credit
Classification of credit Borrower s classification
Classification of credit Self liquidating loans Based on liquidity Partial liquidating
Classification of credit Individual approach Based on approach Area base approach DIR approach
Classification of credit Direct loans Based on contact Indirect loans
Thank you Prepared By - Dr. J P SINGH ASSOCIATE PROFESSOR DEPARTMENT OF AGRICULTURE AND AGRONOMY
