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Which of the following grants/ grant direct credit assistance to rural households?

1. Regional rural banks

2. National bank for agriculture and rural development

3. Land development Banks

Select the correct answer using the codes given below.

  • a)
    1 Only

  • b)
    2 and 3 only

  • c)
    1 and 3 only

  • d)
    1, 2 and 3

Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following grants/ grant direct credit assistance to rural...
NABARD do not provide direct assistance. It "refinance" the assistance by other institutions
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Most Upvoted Answer
Which of the following grants/ grant direct credit assistance to rural...
The correct answer is option 'C' i.e., 1 and 3 only.

Explanation:

Regional Rural Banks (RRBs):

- Regional Rural Banks were established under the provisions of the Regional Rural Banks Act, 1976.
- They provide credit and other facilities to small and marginal farmers, agricultural labourers, artisans, and small entrepreneurs in rural areas.
- They are jointly owned by the Central Government, State Government, and the sponsor bank.
- They provide a wide range of credit facilities such as crop loans, term loans, and working capital loans.

Land Development Banks (LDBs):

- Land Development Banks were established to provide long-term credit for agricultural purposes.
- They provide loans for land development, irrigation, and purchase of agricultural implements and machinery.
- They also provide loans for the construction of houses, cattle sheds, and other farm buildings.

National Bank for Agriculture and Rural Development (NABARD):

- NABARD was established in 1982 with the aim of promoting rural development through agriculture and allied activities.
- It provides credit and other facilities to farmers, rural artisans, and small entrepreneurs in rural areas.
- It provides direct credit assistance to rural households through its various schemes such as the Dairy Entrepreneurship Development Scheme, Rural Infrastructure Development Fund, and Microfinance Development and Equity Fund.

Hence, the correct answer is option 'C' i.e., 1 and 3 only.
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Which of the following grants/ grant direct credit assistance to rural...
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Which of the following grants/ grant direct credit assistance to rural households?1. Regional rural banks2. National bank for agriculture and rural development3. Land development BanksSelect the correct answer using the codes given below.a)1 Onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?
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Which of the following grants/ grant direct credit assistance to rural households?1. Regional rural banks2. National bank for agriculture and rural development3. Land development BanksSelect the correct answer using the codes given below.a)1 Onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following grants/ grant direct credit assistance to rural households?1. Regional rural banks2. National bank for agriculture and rural development3. Land development BanksSelect the correct answer using the codes given below.a)1 Onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following grants/ grant direct credit assistance to rural households?1. Regional rural banks2. National bank for agriculture and rural development3. Land development BanksSelect the correct answer using the codes given below.a)1 Onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'C'. Can you explain this answer?.
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