Question

option
3) the classification of agricultural credit on the basis of tenure.
i) long term
) medium term
iii) short term
iv) quick loan
Option-a) i & iv b)ii & iii c) iii & iii d) iii,& iv
4) The reason for small farmer not being able to access rural credit​

Answer 1

Explanation:

3) option b ii and iii

4) .lack of knowledge

. corrupted officials holding it back to collect more bribe

.They are unable to provide enough securities for the loan

. lack of infrastructure

. local moneylenders who provide fast cash ( though there is high interest)

Answer 2

The solution to the provided questions are given below:

3) The correct answer to the given question is option b.

• The agriculture credit according to laws is classified based on time period or tenure as:

1. Short time period agriculture credit
2. Medium time period agriculture credit
3. Long time period agricultural credit

• According to this classification, option b is correct because it states medium and short-term credit.

4) The reason for not being able to access rural credit is stated below:

• During repayment, there are large transaction costs that farmers may be unable to pay.
• Its legal procedure is hindered by a lack of legal documents and confirmation of identity.
• Collateral is also required, which many rural farmers lack.

• For these reasons, rural credit is not easily accessible to small farmers.