The Impact of Refinance Scheme of Nabard on the Socio Economic Conditions of the Farmers

Abstract

The purpose of "The Impact of the NABARD Refinance Scheme on the Socio-Economic Conditions of the Farmers" is to examine and assess how the socio-economic circumstances of Indian farmers are impacted by NABARD's refinance program. To assess the data, the study uses a quantitative research methodology. The majority of borrowers concurred that refinancing promotes economic growth. Policymakers can benefit from the study's conclusions regarding how well NABARD's refinance program improves the socioeconomic circumstances of farmers. Farmers who stated that the program assisted them in growing their businesses point to real prospects for company expansion and diversification. The refinance scheme's beneficial effects on farmers' socioeconomic circumstances may enhance communal well-being. Based on original data gathered from 80 borrowers, the study offers firsthand insights into the opinions and experiences of farmers who benefit from the refinance plan.