STUDY ON INDEBTEDNESS OF FARMERS IN HARYANA
This study evaluates the extent and burden of producer debt. This investigation employs primary sources. To acquire data, a proportional sample of 200 respondents was selected. Percentages and averages have been utilized for analysis. The average debt per sampled farmer per acre of land possessed, and per operated acre, according to the study, is 491975 rupees, 70838 rupees, and 62775 rupees individually. Consequently, the genuine weight of debt is extremely substantial. Institutional and non-institutional sources play a substantial influence in the distribution of producer loans. A third of the loan continues to be used for non-productive purposes. In general, producers cannot escape their debt situation. Due to the limited size of land holdings (i.e., only marginal and small producers), non-productive loans, and high-interest rates from non-institutional sources, only marginal and small farmers own land., Low agricultural product prices and excessive commodity prices are the primary causes of their debt. The debt burden of producers in the state became a primary concern. This is due to the fact that a farmer's social status was damaged by debt, which led to his suicide. Since 2002, Every thirty minutes, an average of one Indian farmer commits suicide, whereas the farmer suicide rate in Haryana is 4,8 per million [NCRB]. Therefore, the issue of farmers' debt becomes a hotly debated topic not only in Haryana but across the nation and throughout the entire country. In light of this, the purpose of this research is to conduct a thorough analysis of the debt situation of state producers. According to the findings of the study, the informal mechanism of credit delivery plays an important role in meeting the credit requirements of marginal and minor producers in the state.
Farmers, Credit, Debt, Indebtedness.