Question

Define non institutional sources of agricultural credit

Answer 1

Sources of finance for agriculturalprojects are quite many and in this context refer to the lenders, ranging from the relatives of the Borrowers to Government. The various sources are derived from two major sources, namely, Institutional/formal sourcesand non- institutional/informalsources.

Answer 2

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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 3

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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.