Volume 14 | Issue 5
Volume 14 | Issue 5
Volume 14 | Issue 5
Volume 14 | Issue 5
Volume 14 | Issue 5
Over 70% of our nation's population depends on agriculture, which is the foundation of our nation and contributes significantly to our GDP. The district's agricultural economy is maintained in large part by the Lead Bank Scheme, one of several innovative, novel, and planned schemes and programs that have been developed and put into action. The study looks at the development and trend of agricultural credit performance in Tamilnadu state's Thoothukudi District from 2001 to 2021. Alwarthirunagari, Kayathar, Kovilpatti, Thoothukudi, and Thiruchendur blocks' agricultural credits and total loans given were, on average, 31.9 percent, 23.8 percent, 83.7 percent, 38.2 percent, 29.4 percent, and 35.1 percent, according to the trend coefficient. Kovilpatti block has the fastest growth rate, followed by Thoothukudi block. At the five percent level, it was determined that the trend coefficient of agricultural credits for the Alwarthirunagari, Kovilpatti, Thoothukudi, and Thiruchendur blocks was statistically significant. The trend coefficient was shown to be statistically not significant in the Kayathar block. According to the R2 value, the time variable accounts for between 27% and 91% of the variances in the independent variables. The table shows that the mean values of agricultural credits granted in the blocks of Alwarthirunagari, Kayathar, Kovilpatti, Thoothukudi, and Thiruchendur varied significantly from one another. The financial institution, State Bank of India, the Lead Bank in the study region, offered a significant number of agricultural loans to fulfil the increasing financial demands of the farmers in the study area, according to the analysis. Additionally, it was determined that the research area's agricultural credit performance was satisfactory.