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What is the primary function of the Agricultural Credit System in India?
What is the primary function of the Agricultural Credit System in India?
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Practice Questions
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What is the primary function of the Agricultural Credit System in India?
To provide loans for agricultural development
To regulate crop prices
To manage irrigation resources
To control pest outbreaks
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The primary function of the Agricultural Credit System is to provide loans to farmers for agricultural development and investment.
Questions & Step-by-step Solutions
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Q
Q: What is the primary function of the Agricultural Credit System in India?
Solution:
The primary function of the Agricultural Credit System is to provide loans to farmers for agricultural development and investment.
Steps: 5
Show Steps
Step 1: Understand that the Agricultural Credit System is a financial system in India.
Step 2: Know that its main purpose is to help farmers.
Step 3: Recognize that it provides loans, which are amounts of money that farmers can borrow.
Step 4: Learn that these loans are used for agricultural development, like buying seeds, fertilizers, or equipment.
Step 5: Realize that the loans help farmers invest in their farms to grow more crops and improve their income.
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