what are the measures to solve the problems faced by people in relation to the credit system in India?
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The problem of over-dues in agricultural credit continues to be an area of concern. The recovery of agricultural advances to different institutions is also not at all satisfactory. In 1997-98, the recovery of agricultural advances of commercial banks, co-operative banks and regional rural banks were 63 percent, 66 percent and 57 % respectively. Such growing over-dues has also been resulted from poor repaying capacity of farmers. As a result of that, the credit agencies are becoming wary of granting loan to farmers.
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