What are the sources of rural credit in India?Describe with examples.
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Land Development Bank- This source of credit is also known as a land mortgage. It essentially gives farmers a long-term loan option upon the mortgage of their land at low-interest rates over a period of 15 to 20 years.
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Listed below are the five major sources for rural credit in India.
Land Development Banks. These banks provide a considerable sum of money as a credit to farmers by using their land as collateral. ...
Co-operative Credit Societies. ...
Regional Rural Banks. ...
Commercial Banks. ...
Government.
hope it helps you
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