The five common reasons for using credit in agriculture
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The main motive of institutional credit is to assist the farmers in raising their agricultural productivity and maximising their income. Institutional credit is also not exploitative in character. The following are some of the important institutional sources of agricultural credit in India.
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Answer:
The basic role of credit in Agriculture is to provide capital to acquire any kind of productive assets, land and/or machinery.
Explanation:
Credit provides the means for many farmers to adjust their operations to keep up with the constant changes and, by doing so, to improve their operations.
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