Main Article Content
Abstract
The agricultural sector is the life blood of our economy. The current quantitative study was showed to discover the Socio-economic Impact of microfinance on agricultural sector. The main purposes of this study To assess the impact of microfinance on output levels of farmers Microfinance scheme has been dramatically increase in last decades to reduce poverty among farmers and elevate their standard of life. Data was collected from Arakkonam Taluk, Ranipet district in Tamilnadu. Data were collected from 200 microfinance participants using questionnaires and face-to-face interviews. It also increases the production through which farmer is able to reinvest its surplus amount to gain maximum profit. The researcher proposed that the credit facility should be available on time while delaying in the complex procedure for taking loans resultant in the farmers not gets maximum profit regarding their plans. Microfinance had optimistic effects on growth of agricultural assets, revenue from agriculture, agricultural Education, Agricultural productivity, consumption and health. However, the impact is limited due to lack of finance.