Agriculture remains a vital sector of the Indian economy, supporting livelihoods, food security, and rural development. Since the early 1990s, India has undertaken wide-ranging financial sector reforms aimed at improving efficiency, stability, and outreach of financial institutions. These reforms have significantly influenced the flow of credit, investment patterns, and risk management mechanisms in agriculture. This paper examines the impact of financial sector reforms on agricultural growth in India, focusing on institutional credit expansion, financial inclusion, priority sector lending, and the role of new financial instruments. It also highlights emerging challenges and policy implications for sustaining agricultural growth through an inclusive and resilient financial system.
Mukesh Kumar - (Sat,) studied this question.