Over 50% Agricultural Families In Debt With Average Loan Of Rs 74,121 In 2019: Survey

"Percentage of indebted agricultural households:50.2 per cent; and average amount of outstanding loan per agricultural household: Rs. 74,121," it said.

Over 50 per cent of agricultural households in the country were in debt with average outstanding loan per household at Rs 74,121 in 2019, says a survey conducted by National Statistical Office (NSO). The survey further points out that only 69.6 per cent of the outstanding loans were taken from institutional sources like banks, cooperative societies and government agencies, while 20.5 per cent of loans were from professional money lenders. Of the total loan, only 57.5 per cent was taken for agricultural purposes, it added. "Percentage of indebted agricultural households: 50.2 per cent; and average amount of outstanding loan per agricultural household: Rs. 74,121," it said.