ASSESSING THE IMPACT OF INDEBTEDNESS ON AGRICULTURAL LABOUR HOUSEHOLDS IN HARYANA: A COMPREHENSIVE ANALYSIS OF SOCIO-ECONOMIC DYNAMICS

Abstract

This research delves into the intricate relationship between indebtedness and the socio-economic dynamics of agricultural labour households in Haryana, India. Utilizing a multidimensional approach, the study assesses the ramifications of debt burdens on livelihoods, social structures, and policy landscapes. Drawing from both quantitative and qualitative data, the research reveals the pervasive nature of indebtedness among agricultural labour households, encompassing diverse sources such as institutional loans and informal moneylenders. Income-expenditure analyses uncover the precarious balance between earnings and debt servicing, shedding light on the coping mechanisms adopted by households to navigate financial constraints. Furthermore, the study elucidates the far-reaching effects of indebtedness on livelihood strategies, agricultural productivity, and intergenerational poverty dynamics. Social dimensions, including stress levels, gender dynamics, and community perceptions, are scrutinized to understand the nuanced impact of debt on household welfare. In the policy realm, the research evaluates the effectiveness of existing support mechanisms and identifies potential pathways for policy intervention to alleviate debt burdens. Comparative analyses with similar contexts provide valuable insights and highlight lessons for addressing indebtedness among vulnerable agricultural labour households