IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

TREND OF CREDIT BY NABARD FOR FARM MACHINERIES IN CHANDRAPUR DISTRICT FROM 2018 TO 2022

Main Article Content

Rupeshkumar Raut,Dr. Sharyu Potnurwar

Abstract

Mechanizing farms is essential to boosting productivity and output at a faster rate. In addition to saving labor and time, farm mechanization lowers post-harvest losses and crop production costs. It also encourages the sustainable use of natural resources by enabling resource-conservation farming practices like drip or sprinkler irrigation, raised beds, zero-tillage, and precision farming. In addition to making agricultural operations more efficient, timely, thorough, and cost-effective, it also helps to raise the standard of living for farm families and the workforce in rural areas. Furthermore, by reducing labor-intensive tasks related to different farm activities and optimizing input use, mechanization helps to maximize the potential of the resources that are already accessible. Furthermore, it acts as a stimulant for the advancement of the rural youth's skill set, entrepreneurship, and ability to earn a living. This study aims to comprehend the ways in which NABARD facilitates agricultural growth in Chandrapur District by providing funding for farm machinery in the years 2018–2022. The study's data was taken from NABARD's five years of publicly available financial reports in order to analyze the credit flow to agricultural machinery and how it affects crop productivity.

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