There was an attempt in the early 1990s to increase the share of public investment, but the impetus did not last long. There was marginal improvement in this share during 2003–07 but it declined in the subsequent period. In 2012–13, the share of public sector in agriculture amounted to only about 15 per cent of total GCF (at 2004–05 prices) (Chart 3).
So, private sector, the farming community itself, was a major driver of growth in the agricultural sector. The Union Budget 2014–15 has rightly recognised the need to revive  BIS central bankers’ speeches  3  public investment and has enhanced the sum allocated towards agriculture investment and warehousing. 7. Let us now turn to some of the trends in agricultural credit.