Fishery is a traditional occupation, which provides employment to a large number of people in the rural areas of the coastal districts of Odisha. In the past, marine fishing was a community-based activity where participants contributed to the effort mostly in kind. But with the introduction of sophisticated mechanical devices, the fishing sector became market oriented and monetized, where more cash was required to carry on activities Those who could not afford to invest in those devices earned less. Hence they required more credit to invest in efficient fishing systems and thereby improve their socio-economic condition. Since fishing operations are seasonal in nature and subject to vagaries of nature, fishermen require money round the year to make their both ends meet. With a low income base, high operational cost and lumpy investment requirements, the fishermen need more credit, (Narayanakumar and Sathiadhas 2006; Panikkar, 1998; Sathiadha et.al., 1994).
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