141
GDP growth phases. The wider technology dissemination period (1980-81 to
1990-91) saw high farm sector growth and that had been the phase when bank
credit absorption was also high. This was one period when the supply-side
factors were also very positive, with banks, after nationalisation, being induced
to expand their agricultural credit delivery. During the 1990s, agricultural GDP
growth was moderate and so was credit growth. This was the confluence of
Table 5.2: Average Annual Growth Rates in Agricultural
Credit by Different Credit Agencies
(In percentages)
Short-Term
Long-Term
Co-opera-
tives
Commercial
Banks
SCBs+
RRBs
Total@ Co-opera-
tives
Commercial
Banks
SCBs+
RRBs
Total@
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Loans Issued
1971-72 to 1981-82
13.0
24.1 24.5 16.0
14.7
30.0 19.9 19.0
1981-82 to 1991-92
8.6
15.1 16.4 9.6
12.1
13.0 13.4 11.9
1991-92 to 2001-02
19.8
18.7 20.1 19.5
18.9
10.5 10.6 13.6
2001-02 to 2009-10
14.3
34.2 33.8 24.9
5.8
37.2 36.0 24.1
Loans Outstanding
1971-72 to 1981-82 12.0
29.3
29.7 16.9
16.7
37.4
38.0 22.6
1981-82 to 1991-92 9.3
13.2
14.7 10.9
10.6
19.5
20.8 15.8
1991-92 to 2001-02 16.4
15.2
16.3 16.1
19.0
7.9
8.1 11.8
2001-02 to 2009-10 12.7
31.5
30.7 24.3
-0.1
24.7
24.0 15.4
@ Total includes loans issued by State Governments
Source:
RBI (2007), Handbook of Statistics on the Indian Economy 2006-07, October (See Annexure L and M)
