Books by Mohmmad Younus Wani

Agricultural credit is considered as one of the most basic inputs for conducting all agricultural development programmes. In India there is an immense need for proper agricultural credit as Indian farmers are very poor. Sources of agricultural credit can be broadly classified into institutional and non-institutional sources. Non-Institutional sources include moneylenders, traders and commission agents, relatives and landlords, but institutional sources include co-operatives, commercial banks including the SBI Group, RBI and NABARD.In recent years, the disbursement of agricultural credit has reached a new dimension. Co-operatives, commercial banks and Regional Rural Banks (RRBs) are advancing both short-term, medium term and long term credit to Indian farmers to help them to adopt modern technology and improved agricultural practices for raising crop productivity and production. Accordingly, Prof. Darling has rightly observed, ¿A proper system of agricultural credit will not only lower the rate of interest but also imply a system in which productive loans will gradually replace the unproductive ones.¿

Microfinance can broadly be defined as financial services provided to entrepreneurs and small businesses that lack access to such services or do not generally qualify for such services (bank loans). In present day era, microfinance can be associated with the Grameen Bank of Bangladesh. Mohammad Yunus of Bangladesh was the trailblazer of this idea which received much attention and support throughout the world. The idea was to create economic and social development from grass root levels especially poor which were left by the market growth process. The concept behind his idea was quite simple, which the modern day and the ancient economists have all agreed to, that the sustainable development cannot be achieved without the larger chunk of population creating ways and means to break the shackles of the vicious circle poverty. He started his experiment by becoming a guarantor of loans to the poor, especially women, who otherwise were not qualified to subscribe to the loans due to lack of confidence in repaying the loans. Surprisingly poor people paid back these loans. And there his experimentation paved way for building what he called the social business.