Question

capital vs credit in agriculture finance ​

Answer 1

Answer:

Meaning of Agricultural Credit

Credits are loans obtained by a farmer to start or expand his farming business. It may be in kind or cash. Credits are payable over a period of time with some interest determined by the source of the credits.

Explanation:

Significance of Agricultural Finance:

1) Agril finance assumes vital and significant importance in the agro – socio – economic development of the country both at macro and micro level. 2) It is playing a catalytic role in strengthening the farm business and augmenting the productivity of scarce resources.