One of the scrious and unrelenting problems faced by the lndian farmers households has
been indebtedness. Despite substantial improvement in agricultural output as well as
distribution of credit through institutional sources since the introduction of the new
agricultural technology," indebtedness among the farmers' households is found to be
widespread even today. While studying the Punjab's peasants, Darling (1925) wrote “the
Indian peasant is born in debt, lives in debt and dies in debt". Though this was written about …