Over 50 per cent of agricultural households within the nation have been in debt with common excellent mortgage per family at Rs 74,121 in 2019, says a survey carried out by Nationwide Statistical Workplace (NSO).
The survey additional factors out that solely 69.6 per cent of the excellent loans have been taken from institutional sources like banks, cooperative societies and authorities businesses, whereas 20.5 per cent of loans have been from skilled cash lenders.
Of the overall mortgage, solely 57.5 per cent was taken for agricultural functions, it added.
“Proportion of indebted agricultural households:50.2 per cent; and common quantity of excellent mortgage per agricultural family: Rs. 74,121,” it mentioned.
NSO carried out the survey on land and livestock holdings of households and state of affairs evaluation of agricultural households in rural areas of the nation throughout January-December 2019.
The survey additional mentioned the typical month-to-month revenue per agricultural family throughout agricultural 12 months 2018-19 was at Rs 10,218. Of this, the typical revenue per family from wages was Rs 4,063, crop manufacturing Rs 3,798, animal husbandry Rs 1,582, non-farm enterprise Rs 641