Question

What are the services rendered by the banks in fulfilling the needs of farmer?

Answer 1

1 banks provides loans to the farmers at cheaper rate.
2 it also ensure their money security
3 It also gives interest on the money deposited in the bank.

Answer 2

Explanation:

The services provided by the banks to the farmers are:  

1. Banks provide loans to farmers at a low rate, to buy agricultural equipment.  

2. Banks freed the cultivators from clutches of the money lenders who use to charge high interest on the amount supplied and failing to repay that amount cultivator’ lands were grabbed.  

3. The Banks had brought the cultivators under the ambit of services like credits, loans, nonmortgage loans etc.

4. Banks provide farmers with facilities like Kisan Vikas card to meet their day to day requirements.

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