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Which type of banks is proposed to be established for agriculture and rural development in Bihar?
- a)Krishi Vigyan Banks
- b)Krishi Yantra Banks
- c)Krishi Vikas Banks
- d)Krishi Utthaan Banks
- e)None of the above/More than one of the above
Correct answer is option 'B'. Can you explain this answer?
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Which type of banks is proposed to be established for agriculture and...
Agricultural Machinery Bank
- The government will set up 328 agricultural machinery banks in 13 districts of the state.
- Apart from this, 25 special custom hiring centers will also be set up in Patna and Magadha divisions. In both the schemes, the government will give 80 percent subsidy on the machines.
- But the maximum grant amount has been fixed at eight lakhs for Yantra banks and 12 lakhs for special banks.
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Which type of banks is proposed to be established for agriculture and...
Introduction
In Bihar, there is a significant emphasis on enhancing agricultural productivity and supporting rural development. One of the proposed initiatives to achieve this is the establishment of specialized banks.
Krishi Yantra Banks
- Definition: Krishi Yantra Banks are envisioned as institutions dedicated to providing agricultural machinery and equipment to farmers.
- Purpose: The primary goal is to facilitate access to modern agricultural tools, which can improve farming efficiency and productivity.
- Support for Farmers: These banks will assist farmers in acquiring machinery on a rental basis or through financial assistance, making it economically viable for small and marginal farmers who may not afford to purchase equipment outright.
- Promotion of Technology: By encouraging the use of advanced farming techniques and machinery, Krishi Yantra Banks aim to modernize agriculture in Bihar, thereby increasing yields and improving income for farmers.
Importance for Rural Development
- Economic Growth: The establishment of Krishi Yantra Banks can lead to enhanced agricultural output, contributing to the overall economic development of rural areas in Bihar.
- Job Creation: By increasing agricultural productivity, these banks can indirectly create more jobs within the rural economy, from equipment manufacturing to maintenance services.
- Sustainability: Improved farming practices supported by modern tools can lead to sustainable agricultural methods, which are crucial for long-term rural development.
Conclusion
In summary, the establishment of Krishi Yantra Banks is aimed at revolutionizing the agricultural landscape in Bihar by providing necessary resources and support for farmers, thereby fostering rural development and economic growth.
In Bihar, there is a significant emphasis on enhancing agricultural productivity and supporting rural development. One of the proposed initiatives to achieve this is the establishment of specialized banks.
Krishi Yantra Banks
- Definition: Krishi Yantra Banks are envisioned as institutions dedicated to providing agricultural machinery and equipment to farmers.
- Purpose: The primary goal is to facilitate access to modern agricultural tools, which can improve farming efficiency and productivity.
- Support for Farmers: These banks will assist farmers in acquiring machinery on a rental basis or through financial assistance, making it economically viable for small and marginal farmers who may not afford to purchase equipment outright.
- Promotion of Technology: By encouraging the use of advanced farming techniques and machinery, Krishi Yantra Banks aim to modernize agriculture in Bihar, thereby increasing yields and improving income for farmers.
Importance for Rural Development
- Economic Growth: The establishment of Krishi Yantra Banks can lead to enhanced agricultural output, contributing to the overall economic development of rural areas in Bihar.
- Job Creation: By increasing agricultural productivity, these banks can indirectly create more jobs within the rural economy, from equipment manufacturing to maintenance services.
- Sustainability: Improved farming practices supported by modern tools can lead to sustainable agricultural methods, which are crucial for long-term rural development.
Conclusion
In summary, the establishment of Krishi Yantra Banks is aimed at revolutionizing the agricultural landscape in Bihar by providing necessary resources and support for farmers, thereby fostering rural development and economic growth.
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Which type of banks is proposed to be established for agriculture and rural development in Bihar?a)Krishi Vigyan Banksb)Krishi Yantra Banksc)Krishi Vikas Banksd)Krishi Utthaan Bankse)None of the above/More than one of the aboveCorrect answer is option 'B'. Can you explain this answer?
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