Question

what are the important modes of credit?


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Answer 1

Answer:

ransport Facilities:To facilitate the farmers to produce new farm inputs and enable them to sell their product in markets, villages should be linked with mandies.It would help to raise their income which in turn stimulates the farmer’s interest to adopt better farm technology with sufficient income.:Thus the cultivator can invest more for theimprovement of land.Ways#2.Irrigation Facilities:Crop productivity depends not only on the quality of input but also on the irrigation facilities. Therefore, canals, tube wells should be constructed to provide better irrigation facilities for the security of crops. Extensive flood control measures should be adopted to prevent the devastation caused by floods.Ways#3.Institutional Credit:To save the farmers from the clutches of moneylenders, adequate credit facilities should be made available at reasonable cheap rates in rural areas. The land mortgage banks and co-operative credit societies should be strengthened to provide loans to the cultivators. Moreover,integrated scheme of rural credit must be implemented.Ways#4.Proper Marketing Facilities:Marketing infrastructure should be widened and strengthened to help the farmers to sell their products at better prices. There should be proper arrangements for unloading of the produce in the markets. Besides, price support policy must be adopted and minimum prices should be guaranteed to the peasants.Ways#5.Supply of Quality Inputs::The farmer in the country should be supplied with quality inputs at proper times and at controlled prices. To protect the farmers exploitation, effective steps are needed to be taken to check the sale of adulterated fertilizers.

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Answer 2

Answer:

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Step-by-step explanation:

Credit (from Latin credit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date.[1] In other words, credit is a method of making reciprocity formal, legally enforceable, and extensible to a large group of unrelated people.

The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment.[2] Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.