The government exclusively depended on development of _________ as an institutional source of rural credit till 1970.

self-help groups

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cooperatives

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rural banks

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moneylenders

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Solution

The correct option is A cooperatives
The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.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.

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Which of the following is a non-institutional source of rural credit?

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