Question

Which of the following institutions provide institutional credit in rural areas?

• A. Cooperative societies
• B. Commercial Banks and Regional Rural Banks
• C. State Governments
• D. All of the above

Answer 1

The correct option is D All of the above

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