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The Vice Chancellor University of Sindh (SU), Mazharul Haq Siddiqui, has said that policy makers should pay proper attention to boost up the agriculture sector and ensure provision all facilities to the farmers without discrimination.
He was presiding over final PhD seminar held recently at Sindh Development Study Centre, SU. A large number of teachers and research scholars from various institutes and departments of the University attended the seminar.
The Vice Chancellor while congratulating the scholar on his research on rural credit institutes said that policy makers should have to get benefit from this research produced by the scholar, as the research on this topic has been made first time in the country.
He said that culture of unfairness in distribution of resources among farmers have deprived them of their due facilities and also declined their progress and discouraged them badly.
He said that we are agriculture country and it is responsibility of the policy makers to give comprehensive incentives in the agriculture sector for promotion of agriculture and farmers.
The research scholar Ghulam Ali Jareko while presenting his research work on "Analysis of Rural Financial Marketing in Sindh: A New Institutional Economics (NIE) Perspective" said that transition costs are significantly high and it is beyond the reach of small farmers. He said that there is need to make fair efforts to ensure that land reforms must be effectively enforced for the purpose of equality and accessibility.
He said that mark up charged by the informal sector is 40-50 percent high to that of formal institutions and added that there are no barriers for entry and exit such as the collateral and possession of land.
The scholar said that small farmers prefer to opt for informal sector as they are lack of both collateral and influence and added that all efforts should be made at the policy level to ensure that formal sector meets the demand at all levels. Presenting introduction of research the scholar said that National Institutional Economic (NIE) introduces analytical concept to identify constraints that reduces the efficiency of institutes, the analytical concept in this research is applied to examine the extent of effectiveness of rural credit institutes in Sindh. He further said that NIE evolve around transaction costs, ie, linkages between the efficiency and imperfect market information, structure, conduct and performance.

Copyright Business Recorder, 2009

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