Question

Which co-operative institutions provide credit in the agricultural sector?

• A. Cooperative banks
• B. Land Development Banks
• C. Both 'a and b'
• D. Neither a nor b

Answer 1

Answer: (C)

Both 'a and b'

Co-operative institutions which provide credit in the agricultural sector are:-

a) Cooperative banks

b) Land Development Banks Institutional credit assists rural households involved in agricultural activities. The government exclusively depended on the development of cooperatives as an institutional source of rural credit till 1970. Hence, option C is correct.