Why has the share of non-institutional finance sources for agricultural households not come down between 2002 and 2012? Is the dependency on non-institutional sources the same across farm size classes? Who are the major beneficiaries of the revival in agricultural credit in the 2000s? Are larger farmers becoming more productive and commercial thus requiring higher levels of credit? Are small farms becoming unviable, making it difficult for banks to finance them? This paper examines these issues empirically based on data from the Situation Assessment Survey (SAS) of Agricultural households and the All India Debt and Investment Survey (AIDIS) conducted by the National Sample Survey Organization (NSSO) in its 59th (i.e. 2003) and 70th round (i.e. 2013) and various publications from the Reserve Bank of India (RBI).