Question

Multiagency system and social banking was introduced in the year –.

Answer 1

Given:-

Multiagency system and social banking was introduced in the year?

Answer:-

1969

In case of monsoon failure, crop yield is low and farmers need to be shielded against this loss by providing credit and insurance, Keeping the above points in view, major nationalisation of banks was done in 1969, as India adopted social banking and multiagency approach to adequately meet the needs of rural credit.

Hope It'll Helps!