Factors Affecting Use of Formal Agricultural Credit among Smallholder Farmers in Western Nepal

Authors

  • B.P. Mishra Agriculture and Forestry University, Chitwan, Nepal

DOI:

https://doi.org/10.3126/ijssm.v8i4.40497

Keywords:

Use, Formal source, Agricultural credit, Smallholder farmers, Probit model

Abstract

Formal agricultural credit is important for sustainable development of agriculture sector and national economy, particularly in developing countries. Yet, many smallholder farmers lack participation in formal credit market. An investigation was done during 2019 in two main agro-ecological regions (hill and terai region) of western Nepal. Probit model was used to identify the factors affecting the use of formal agricultural credit among smallholder farmers. The results revealed that use of formal agricultural credit increases with age, education, commercial nature of production, and collateral availability, and decreases with number of adult in household, farming experience and farm size. The study concludes with key policy recommendations.

Int. J. Soc. Sc. Manage. Vol. 8, Issue-4: 457-462.

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Published

2021-10-29 — Updated on 2021-10-29

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How to Cite

Mishra, B. . (2021). Factors Affecting Use of Formal Agricultural Credit among Smallholder Farmers in Western Nepal. International Journal of Social Sciences and Management, 8(4), 457–462. https://doi.org/10.3126/ijssm.v8i4.40497

Issue

Section

Research Articles