Agricultural Finance

Major part of agricultural credit is supplied by

• Money lenders

• Commercial banks

• co-operative banks

• landlords

To meet expenses, the loans required are short term, that is, a period of upto

• 15 months

• 16 months

• 17 months

• 18 months

Medium term finance are for period of

• 18 months to 2 years

• 15 months to 5 years

• 18 months to 4 years

• 15 months to 3 years

Long term loan is required farmers for a period of

• more than 4 years

• more than 10 years

• more than 5 years

• more than 20 years

In India, Non- institutional credit is provided through

• Commercial banks

• Co-operative banks

• Regional Rural banks

• Money lenders

In India, Demerit of non-institutional credit is

• Indebtedness

• Easy access

• simple procedures

• No restriction

In India, Institutional credit is provided through

• Money lenders

• commercial banks

• Landlords

• Traders and commission agents

14 commercial banks nationalised in the year

• 1965

• 1967

• 1969

• 1971

Direct finance in agricultural sector for purchasing pumpsets, tractors and other agricultural machinery etc. are provided through

• Money lenders

• RRBs

• Co-operative banks

• Commercial banks

Lead Bank Scheme is designed to

• Have more concentrated effort of a bank in a particular district

• Control the activities of non-banking financial institutions

• promote commercial banks in rural areas

• Regulate the use of credit