FINANCIAL INCLUSION AND AVAILABILITY OF WATER SUPPLY AMONG FARMERS IN WASHIM DISTRICT
DOI:
https://doi.org/10.29121/granthaalayah.v14.i4.2026.6902Keywords:
Financial Inclusion, Water Supply, Washim District, Farmers, Informal Credit, Agricultural Finance, Bank Access, National Bank For Agriculture and Rural Development, SavkariAbstract [English]
Washim district is considered an important agricultural district located in Vidarbha division of Maharashtra state. Soybean, cotton, tur as well as sorghum or major pikanchi are cultivated on a large scale in the district. More than 82 percent of the total population here depends on agriculture as their main source of livelihood. However, since the required amount of credit supply is not available to the farmers class from the formal financial institutions, they have to depend on informal banks. Or due to this process, it is clearly visible that the intensity of the economic crisis is increasing due to adverse consequences on their economic situation. In the Sadar Samidhan, an in-depth analysis has been made of the current situation of financial inclusion among farmers in Washim district, availability of formal farmers and gaps in it. For the study, primary data collected from 300 farmer respondents as well as secondary information from National Agriculture and Rural Development Bank, Reserve Bank of India and District Agriculture Department is being taken. According to the revised findings, only 48.3 percent of the farmers in the district have access to formal land surveying facility. Even though 71.7 percent of the bank account proofs are satisfactory, the benefit of Kisan Credit Card Scheme has been limited to only 43.7 percent of the farmers. Lack of financial literacy, absence of authorized records of land ownership, non-availability of water and geographical remoteness of banks come to the fore as major problems.
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