ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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De-Essentialising Islam

be mentioned. Inadequate investment loan amount coupled with lack of short-term credit acted as a major cause of loan delinquency, The target-oriented approach and heavy concentration in minor irrigation lending which turned out infructuous were the main causes of overdues. Defaults were mainly due to inadequacy of net incremental income. Mortgage of land has not proved to be a realisable security because when the lands of wilful defaulters were sought to be auctioned, there were no bidders.

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