THE IMPACT OF BANKS' CREDIT SCHEME ON SMALL-SCALE FARMERS IN KEFFI LOCAL GOVERNMENT AREA OF NASARAWA STATE.
THE IMPACT OF BANKS' CREDIT SCHEME ON SMALL-SCALE FARMERS IN KEFFI LOCAL GOVERNMENT AREA OF NASARAWA STATE.
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Date
1999-07
Authors
AHMED, HENRY AHMED
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Abstract
This paper study the Impact of Banks' Credit Scheme on
Small-scale farmers in Keffi Local Government Area of Nasarawa
State. The rational for the study is to determine whether the
rural banking scheme have benefitted the small-scale farmers
because of the commercial banks' operational philosophy of
liquidty and profitability which emphasises short-term lending
as against long-term funding requirement of agriculture.
The study recognised that it was because of the
inadequacies (mode of operation, structure) of commercial
banks that the non-institutional credit sources played a major
role in the supply of rural farm credit despite exhorbitant
rate of interest charged.
The study showed that farmers' access to credit is
significantly related to the level of agricultural output and
adoption of modern technique and inputs particularly in the
economies where majority of small-scale farmers are poor and
cannot privately saved.
The study also used an econometric method of analysis to
determine the relationship between loans and output in the
area. The overall results showed that these loan have a
postive impact. Based on the results, we propose a
reinforcement of the rural bank shceme's credit and selective
transformation and restructuring of commercial banks to
practice universal banking.
Description
A PROJECT SUBMITTED TO THE POST-GRADUATE SCHOOL,
AHMADU BELLO UNIVERSITY (A.B.U), ZARIA
IN PARTIAL FULFILMENT OF THE REQUIREMENT FOR THE AWARD OF
MASTER OF SCIENCE (M.SC) IN ECONOMICS
Keywords
IMPACT,, BANKS,, CREDIT,, SCHEME,, SMALL-SCALE,, FARMERS,, KEFFI,, LOCAL GOVERNMENT AREA,, NASARAWA STATE.