Agriculture: A Curse for Small and Marginal Farmers

As it is well known that agriculture is the backbone of Indian Economy as majority of India‟s population lives in rural areas and they earn their livelihood from agriculture. But agriculture has not benefitted small and marginal farmers. They are still in debt trap from ancestral period and their plight is miserable. All the fruits of green revolution have moved in the hands of big farmers only. Even the Punjab State has witnessed the same scenario though it has experienced maximum growth in the field of agriculture. These small and marginal farmers have to depend upon non institutional sources of credit which charged from them a very high rate of interest. Once they are caught in a debt trap, it remains in the future generations as well.