Question

credit in india for poor farmers and rich farmers ,trades & industries

Answer 1

There are 5 sources of credits in India .They are:

Co-Operative Credit Societies- It is the most cheapest and important source of credit in rural India.

Land Development Banks – Provides long-term loans to farmers. Loans are given against the mortgage of the farmers’ lands with low rate of interest.

Regional Rural Banks  and the Government are other sources.

Commercial Banks and Government– Provide loans to traders and Industries