Question

Which of the following is not a function of a Rural Bank?

• A. To accept deposits
• B. To waive loans
• C. To grant advances
• D. To supply inputs to farmers

Answer 1

The correct option is D To supply inputs to farmers

The functions of the RRB are as follows:

(1) Granting of loans and advances to small and marginal farmers and agricultural labourers, whether individually or in groups, and to co-operative societies, agricultural processing societies, co-operative farming societies, primarily for agricultural purposes or for agricultural operations and other related purposes;

(2) Granting of loans and advances to artisans, small entrepreneurs and persons of small means engaged in trade, commerce and industry or other productive activities within its area of co-operation; and

(3) Accepting deposits.

but providing inputs to farmers is not its function