Question

how was the green revolution a harbinger of major changes in rural credit system​

Answer 1

Answer:

The Green Revolution was a harbinger of major changes in the credit system as it led to the diversification of the portfolio of rural credit towards production-oriented lending. 'Kudumbashree' is a women-oriented community-based poverty reduction programme being implemented in Kerala.

Answer 2

Answer:

The Green Revolution was a major period of agricultural development that took place in the middle of the 20th century, mostly in developing nations like Mexico and India. New agricultural innovations like high-yielding crop varieties, fertilizers, and pesticides served to reduce food shortages and famine by boosting agricultural output.

                The adoption of these new technologies, however, needed a sizable financial commitment, especially in terms of the cost of inputs like pesticides and fertilizers. Because of this, farmers now require credit in order to finance their activities. Before the Green Revolution, many emerging nations' rural credit systems were constrained and frequently inaccessible to small farmers, who constituted the majority of the agricultural labour force.

• Governments and aid organizations adopted a number of policies and programs aimed at enhancing small farmers' access to financing in order to support the adoption of these new technologies.
• For instance, the Agricultural Refinance and Development Corporation (ARDC) was created by the Indian government to offer loans to agricultural cooperatives and other rural organizations.

• These initiatives to increase small farmers' access to credit contributed to the transformation of the rural credit system, making it more inclusive and available.
• The Green Revolution contributed to the development of a more resilient and sustainable agricultural sector in many developing nations by giving small farmers the resources they required to invest in new technologies and boost their output.

Learn more-

https://brainly.in/question/4414884

https://brainly.in/question/4682347

#SPJ3