Perception of Farmers on Bhutan Development Bank Limited’s (BDBL) Farming Loan Facilities

Abstract

Bhutan Development Bank Limited (BDBL) has been playing a major role in supporting the Bhutanese economy. BDBL is the only bank focusing on farmers by providing various types of loan to the farmers. The farmers are the mainstay of farming and the need of finance of farming and the need for finance is primary to initiate the farming. A survey through questionnaire was conducted on 247 respondents of farmers including small scale, medium scale, and large-scale farmers who took financial assistance as well as who have not availed through BDBL under Bongo gewog. The questionnaire was segregated into four parts including perception towards farming loan facilities, the problem faced by farmers for receiving the farming loan, perception towards farming loan schemes, and perception of farmers towards loan process of the bank. Where it is analyzing by the descriptive statistics of finding means, percentage frequency, and inferential statistics of finding one-way ANOVA, T-test. It was found that BDBL was far from the house, the scale of finance is inadequate, complicated procedure and process of application is not timesaving. Further, it was also felt that farming loan facilities have a presence in farmer social life and excellent customer services with sufficient amount of loan to the farmers are some of the perceptions studied on the part of farmers seeking for the loan in Bongo gewog through BDBL.