The farmers are provided credit from a number of sources for their short and long term needs. The main sources of credit to the farmers include:
✓ Correct answer: a) the Primary Agricultural Cooperative Societies, commercial banks, RRBs and private money lenders
ExplanationFarmers get resources from various sources such as Pri- mary Agricultural Cooperative Societies, Commercial Banks, District Central Cooperative Banks (DCCB), the lead banks such as SBI and PNB, IRDP and IFFCO.Farmers also get credit from informal sources such as private money lenders.Primary Agricultural Cooperative Societies (PACS) are grassroots-level cooperative institutions that provide short- term and medium-term loans to farmers for agricultural activities.Commercial Banks both public and private sector banks offer a range of credit products to farmers, including crop loans and investment loans.Regional Rural Banks (RRBs) were established to enhance rural credit, RRBs focus on providing credit to small and marginal farmers, agricultural laborers, and rural artisans.Despite the growth of institutional credit, many farmers still rely on private money lenders, especially in regions where institutional penetration is low.Options (b), (c) and (d) are incorrect :NABARD and the Reserve Bank of India (RBI) play crucial roles in refinancing and regulating rural credit i
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