Bridging the psychological and policy gaps

Enhancing farmer access to agricultural credit in India

Bibliographic Data

ID7144730
AuthorsJayadeva Hiranya (Manipal Academy of Higher Education), H G Joshi (0000-0003-2229-1067, Manipal Academy of Higher Education, corresponding author)
Year2025
Volume255
Pages104890-104890
Publication date2025-03-19
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueActa Psychologica (JOURNAL)
Journal identifiersISSN: 0001-6918 • E-ISSN: 1873-6297
PublisherElsevier BV (PUBLISHER)
DOI10.1016/j.actpsy.2025.104890
PMID40112761
OpenAlexW4408645277
LanguageEN
Citations received2
References cited44

Majority of the farmers in India remain marginalized in accessing essential financial resources despite well-intentioned agricultural credit policies. This shows there is a significant gap in their implementation and execution. This study explores the disconnect between policy frameworks and real world application, highlighting the need for transformative agricultural credit policies. It also emphasizes addressing psychological barriers in farmers' perceptions of credit access. Through qualitative research methodology, seven focus group discussions were conducted across Dakshina Kannada district in India with participants including farmers, bankers, government officials, and NGO representatives. Each discussions comprised average of 9-12 participants based on their expertise and experience in agricultural finance. The discussions revealed several themes which includes key challenges such as poor accessibility, lack of inclusivity, and limited adoption of digital innovations that persist. The study underscores the necessity for tailored credit schemes, farmer training programs, and streamlined digital technologies to address the gaps in policy execution. Moreover, it emphasizes the need for further policy interventions like a single-window credit system, holistic evaluation methods, and incentives for sustainable farming practices. Additionally, it calls for a more rigorous focus on execution at the grassroots level, including the implementation of soil testing programs to promote long-term sustainability. While acknowledging regional limitations, this research highlights the urgency of addressing the disconnect between policy and practice, offering actionable insights to improve agricultural credit systems that better serve smallholder farmers and to support in achieving global sustainability goals

Agriculture · Bridging (networking · Business · Computer security · Geography · Agricultural risk and resilience · Computer Science · Financial Literacy, Pension, Retirement Analysis · Microfinance and Financial Inclusion

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