page contents

Agri-finance: are banks missing out on a big opportunity?

Informal credit and the ease with which it is available are the biggest menace prevalent in the agricultural sector since it has kept farmers hostage to money lenders from pre-partition era. Referred to as aarti in domestic lingo, the phenomenon of borrowing for the middleman is common not just in the subcontinent but in many third world countries.

Subsequent to partition and migration of Hindu money lenders, informal credit in the agriculture sector is now almost fully dominated by aartis, the basis of which is usually personal relations. Normally, no interest is charged, no docume…
Banking Industry News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close