Agriculture plays a vital role in driving economic growth in many developing areas, but agripreneurs often face challenges in accessing financial services. This study looks into the obstacles and opportunities related to financial inclusion for agripreneurs in Assam, India. Using a mix-method approach, primary data was collected from 200 agripreneurs in Morigaon District through interviews and surveys, while secondary data from government reports and past research helped provide additional insights. The investigation showed that most agripreneurs own bank accounts, but many still do not have access to credit. The major setbacks are insufficient collateral, steep interest rates, and minimal financial knowledge. The analysis also indicates the increasing use of digital finance as well as government initiatives to enhance access to capital. The findings indicate that better credit application procedures, enhanced financial education, and active digital financial service marketing have the potential to assist agripreneurs and, in turn, grow the agricultural sector in the area.

错误:搜索内容不能为空,请输入英文关键词
错误:关键词超出字数限制,请精简
高级检索

Unlocking Opportunities for Agripreneurs in Morigaon District of Assam Through Financial Services

  • Nibir Pratim Choudhury,
  • Arpee Saikia,
  • Kalyani Gohain,
  • Bitopi Gogoi

摘要

Agriculture plays a vital role in driving economic growth in many developing areas, but agripreneurs often face challenges in accessing financial services. This study looks into the obstacles and opportunities related to financial inclusion for agripreneurs in Assam, India. Using a mix-method approach, primary data was collected from 200 agripreneurs in Morigaon District through interviews and surveys, while secondary data from government reports and past research helped provide additional insights. The investigation showed that most agripreneurs own bank accounts, but many still do not have access to credit. The major setbacks are insufficient collateral, steep interest rates, and minimal financial knowledge. The analysis also indicates the increasing use of digital finance as well as government initiatives to enhance access to capital. The findings indicate that better credit application procedures, enhanced financial education, and active digital financial service marketing have the potential to assist agripreneurs and, in turn, grow the agricultural sector in the area.