Fundings for the Rural People in Agricultural Financing Environment: A Case Study of India, China and Turkey

By investigating the rural and agricultural financing systems and methods of the selected countries including India, China and Turkey, this study sought to better understand the credit mechanisms implemented by financing institutions in these countries as well as to design a stronger and more efficient financing system for rural financing in the environment of Iran's agricultural financing. Although, the political and economic factors and the geographical and historical heritage factors affect the agricultural sector and consequently, the financing of this sector and make it unique in each country, reviewing the experiences of different countries can usually help to organize the optimal financing system for this sector while clarifying the path. Therefore, by examining the different financial systems of the agricultural sector, a common framework can be achieved in order to achieve the goal of sustainable financing of the agricultural sector. According to the achievements and results of the study of agricultural financing models in selected countries, the financing process designed to improve the agricultural financial system of the country was presented. In this model, an attempt was made to fundamentally reform the structure and methods of lending in the agricultural sector by financial and credit institutions and to create flexibility in lending so that the transaction costs would be reduced and the credit required by farmers could be funded at the right time. In the designed framework, due to the importance of sub-sectors in the value added of the agricultural sector, it seems necessary to identify the activities and services that have the highest priority and also the most delays in repaying facilities to improve the collection of receivables by alternative methods.