ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Agricultural Institutional Credit, Indebtedness and Suicides in Punjab

Since the nationalisation of banks and the green revolution, institutional credit for agriculture has grown in Punjab. But the growth had not been uniform and in line with the demand for such credit. Indebtedness has also increased in the state, but a large part of the debt has been for non-productive purposes. The incidence of suicides in Punjab has not been higher than the all India average and studies reveal that while indebtedness is indeed one of the major causes of suicides, it is neither the only cause nor the main one. There is thus no direct causal relationship between institutional credit, indebtedness and suicides in rural Punjab. The problems of indebtedness as well as suicides do not merit narrow interpretation or solution, as these are only symptoms of a larger malaise. They have to be contextualised in the light of stagnation of agriculture, rising levels of rural unemployment and dissipation of economic and social infrastructure.

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