PRIORITY SECTOR LENDING AND ITS IMPERATIVENESS FOR AGRICULTURAL DEVELOPMENT- A STUDY FROM BANKERS’ PERSPECTIVE

Authors

  • Subhransu Panda1 Dr .K. Siva Nageswara Rao2 Dr. Monica Verma3 Dr. Sitansu Panda4 Author

Abstract

Priority Sector Lending (PSL) is prevalent in developed as well as developing nations. It is in order to bring economic parity in all the sectors. The agrarian economies like India in which large population is depending for their livelihood, yet; its contribution to the country’s GDP is not proportionate with the people being employed in it. In this light, it is vital to explore the ground level realities and suggesting developmental mechanism to achieve the objectives of PSL scheme and in long-run in attaining Sustainable Developmental Goals (SDGs). In this paper, relevant studies on PSL pertaining agriculture & allied sector followed by perception of bankers’ have been discussed. The perception of bank officials designated with the task of disbursing under Priority Sector Lending scheme is important to be explored as they execute the scheme as well as the beneficiaries directly contact with them. They are in a position to understand the ground level realities, challenges and the future prospects. Hence they are in a position to give feedback to the policy makers necessitating any modification in the existing policy for its better implementation and achievement of the expected objectives of PSL. The study has been conducted in the State of Andhra Pradesh, India. But the findings shall be helpful in developing new models and formulating guidelines to be useful in agricultural development providing scope for researchers and policy makers in future. A conceptual framework has been developed which provides insights in understanding the dynamics of PSL having utility for farmers and bankers. And the framework shall also provide inputs designing and developing research instruments in the area of PSL.

 

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Published

2024-03-22

How to Cite

PRIORITY SECTOR LENDING AND ITS IMPERATIVENESS FOR AGRICULTURAL DEVELOPMENT- A STUDY FROM BANKERS’ PERSPECTIVE. (2024). International Development Planning Review, 23(1), 1770-1794. https://idpr.org.uk/index.php/idpr/article/view/276