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Explores psychological factors and socioeconomic inequalities affecting farm credit access in Maharashtra, highlighting mental health significance.
The chapter explores the intricate relationship between psychological aspects and economic factors regarding farm credit availability in Maharashtra’s farming community. The study investigates how psychological obstacles, behavioral economics, and socioeconomic inequalities affect farmers’ approaches to seeking credit and their financial decision-making processes. Using an interdisciplinary approach, the chapter explores how financial literacy, cognitive biases, and psychological stress influence credit utilization behaviors. A thorough analysis of gender inequalities, the mental health effects of debt, and the success of behavioral interventions offers valuable understanding of the complex issues encountered by farmers. The dialog includes institutional lending systems, governmental programs, and the impact of technological advancements on enhancing credit availability. Particular emphasis is placed on the psychological effects of debt load and the significance of mental health assistance systems. The chapter wraps up by suggesting comprehensive policy recommendations that blend psychological perspectives with economic strategies to establish more efficient and sustainable agricultural credit systems. This comprehensive method seeks to improve comprehension of the complex connection between mental health and economic security in Maharashtra’s agricultural communities.
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Kolhe et al. (2025) studied this question.
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