Question

Since 1971, the government has adopted ____________ for enhancing availability of rural credit from institutional sources.

• A. Multi-Agency Approach
• B. Dual-Agency Approach
• C. Co-operatives Framework
• D. Single-Agency Framework

Answer 1

The correct option is A Multi-Agency Approach

Since 1971, the government has adopted Multi-Agency Approach for enhancing availability of rural credit from institutional sources.

The following institutions provide institutional credit in rural areas :-

a) cooperatives societiesb) Commercial Banks and Regional Rural Banksc) State Governments Agricultural credit from institutional sources has increased by about 250 times between 1980-81 to 2014-15.Institutional credit assists rural households involved in agricultural activities.