Open Access
Subscription Access
Open Access
Subscription Access
Linkages between Land Records - Driven Property Rights and Access to Credit for Agriculture: Evidence from India
Subscribe/Renew Journal
In India, vast land ownership in rural areas provides a vital option of land collateralisation in acquiring credit from formal financial institutions. However, the poor land record management in the country can pose to be an impediment for efficient credit creation through land collateralisation. The efforts in the direction of land record management and digitisation have picked up in rural India and can have positive implications for the agriculture sector which is the main source of livelihood in rural India, by facilitating the loan disbursement for agriculture purpose. In the light of land record management efforts in rural India, this paper attempts to assess the possible impact of these initiatives on the credit outflow from commercial banks in a few selected States of India that have claimed to make successful efforts towards the land record digitisation. This paper further sheds light on the possible linkages among land administration policies like land record management and land leasing laws in facilitating the credit outflow from banks for agriculture improvement, which is reflected in improved agriculture indicators.
Keywords
Land Records, Agriculture Credit, Commercial Banks, Rural, Collateral, DI-LRMP, Modernisation, Computerisation.
User
Subscription
Login to verify subscription
Font Size
Information
- Besley, T. (1994). How do market failures justify interventions in rural credit markets? The World Bank Research Observer, 9(1), 27-47.
- Besley, T. (1995). Property rights and investment incentives: Theory and evidence from Ghana. Journal of Political Economy, 103(5), 903-937.
- Carter, M., & Olinto, P. (1996). Getting Institutions Right for Whom? The Wealth Differentiated Impact of Property Rights Reform on Investment and Income in Rural Paraguay. University of Wisconsin, Madison. Unpublished mimeo.
- De Long, J. B., & Shleifer, A. (1993). Princes and merchants: European city growth before the industrial revolution. The Journal of Law and Economics, 36(2), 671-702.
- Deininger, K., & Goyal, A. (2012). Going digital: Credit effects of land registry computerisation in India. Journal of Development Economics, 99(2), 236-243.
- Feder, G. (1988). Land policies and farm productivity in Thailand. Johns Hopkins University Press.
- Feder, G., &Nishio, A. (1998). The benefits of land registration and titling: economic and social perspectives. Land Use Policy, 15(1), 25-43.
- Galiani, S., &Schargrodsky, E. (2010). Property rights for the poor: Effects of land titling. Journal of Public Economics, 94(9), 700-729.
- Haque, T. (2012). Impact of land leasing restrictions on agricultural efficiency and equity in India. An unpublished paper.
- Johnson, S., McMillan, J., & Woodruff, C. (2002). Property rights and finance (No. w8852). National Bureau of Economic Research.
- Joshi, M. K. (2012). Rural Banking Scenario in India and the Opportunity for Commercial Banks. Journal of Rural Development, 31(1), 43-60. Krishnan, K. P., & Panchapagesan, V. (2016). Distortions in land markets and their implications for credit generation in India.
- McKinsey Global Institute (2001): India: The Growth Imperative. NSS 70th Round (2013) “Key Indicators of Debt and Investment in India – AIDIS Survey”
- Narayanan, S. (2016). The productivity of agricultural credit in India. Agricultural Economics 47 (4), 399409.
- Patel, J. (2014). Modernisation of Land Record System in India: A Case Study of e-Dhara. International Proceedings of Economics Development and Research, 71, 9.
- Reddy, A., & Singh, V. (2015). Financial inclusion and actual use of financial services by the poor in India. Economic Affairs, 60(4), 679.
- Seligson, Mitchell A. (1982). Agrarian reform in Costa Rica: The impact of the title security program” Inter-American Economic Affairs, 35(4), 31-56.
- Simpson, S. R. (1976). Land law and registration. Cambridge University Press. UK Singh, Charan, Akanksha Mittal, Ritesh Garg, AkshayGoenka, Rahul Pramod Goud, Karthik Ram, RathiVaibhav Suresh, Ravi Chandrakar, and Ujjaval Kumar (2014). Financial inclusion in India: Select issues.
- Singh, H., &Sekhon, M. K. (2005). Cash-in Benefits of the Kisan Credit Card Scheme: Onus is upon the Farmer. Indian Journal of Agricultural Economics, 60(3), 319.
- Stiglitz, J. E., & Hoff, K. (1993). Imperfect information and rural credit markets: Puzzles and policy perspective.
- Sukanya, N. (2014). Commercial Bank Finance to Agriculture in India-The Recent Trends and Issues. Journal of Rural Development, 33(4), 493-508.
- Williamson, I. P. (1985). Cadastres and land information systems in common law jurisdictions. Survey Review, 28(217), 114-129.
Abstract Views: 252
PDF Views: 0