Question

1.
Major part of the agricultural credit is supplied by

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Answer 1

Answer:

Sources of agricultural credit can be broadly classified into institutional and non-institutional sources. Non-Institutional sources include moneylenders, traders and commission agents, relatives and landlords, but institutional sources include co-operatives, commercial banks including the SBI Group, RBI and NABARD.

Answer 2

Answer:

• The core of  agricultural credit is provided through an interagency network consisting of Commercial Banks (CB), Regional Rural Banks (RRB) and cooperatives.
• The National Bank for Agriculture and Rural Development (NABARD)  is a leading development finance institution in India providing financial inclusion to all farmers in need, engaging in rural development plans, and providing financial support for regional growth of rural areas of backward countries.
• It is the central bank that gives agriculture loans in India.The government has them implemented the Kisan Credit Card Scheme (KCC) to issue Unified Bank Acquisition KCC to farmers  so that farmers can use it to easily purchase agricultural inputs such as seeds and fertilizers, pesticides, etc. and withdraw cash for your  production needs.

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