The study was conducted in District Kanpur Dehat of U.P. In the whole district, nine bank branches belonging to Commercial, Co-operative and Regional Rural Banks were selected. Nine villages in Maitha block of this district and 70 borrowers from these nine villages were selected randomly. The Swarnajayant Gram Swarozgar Yojana (SGSY) credit played a major role in improving the farmers’ standard of living. The findings indicated that the average gross income and net income of farms in post-borrowing situation were Rs. 21665.51 and Rs. 8559.03 when compared to pre-borrowing situation of only Rs. 14763.8 and Rs. 3770.15 respectively.