Question

What do you mean by Agricultural credit? What this is needed​

Answer 1

Answer:

Agricultural credit, which is also commonly referred to as agricultural finance, is an important component of the economy, especially in countries with arable land since agricultural products can be exported. ... It helps them secure the seeds, equipment, and land they need to operate a successful farm.

Explanation:

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Answer 2

Explanation:

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Explanation:

Agricultural credit is nothing but also known as 'Kisan credit '.It is avail by the government to every farmers of the country in which they can raise finance and seeds by Kisan credit at very low rate and low interest.Kisan credit or agricultural credit ensures farmers for doing agricultural.The goverment started this sevices from many years under By NABARD (national bank for agricultural and rural development).

Under NABARD there are many commerical banks, agricultural banks,rural banks for the upliftment of the farmers so that they get all the facilities of loan and do not have to take away from other third party.But the bank should only give the loans to the farmers only because this is made for farmers.

WHY THIS IS NEEDED..??

This is needed for the upliftment of the agricultural sector in terms of production.Farmers were unavailable of many services and unable to take loans from banks due to high interest rate so, government had started this banks and many cooperative banks.