Question

What are the sources of rural credit in India?Describe with examples.​

Answer 1

Answer:

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.

Answer 2

Answer:

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