Which of the following institutions is primarily responsible for providing credit to small and marginal farmers in India?
Answer
National Bank for Agriculture and Rural Development.
The correct answer is National Bank for Agriculture and Rural Development. — Select NABARD as the correct answer.
Step-by-step solution
- Identify the institution whose mandate is to provide credit to agriculture.
- Recall that the NABARD was established for this purpose.
- Eliminate banks whose primary role is commercial banking.
- Select NABARD as the correct answer.
Common mistake: Choosing RBI as the credit provider.
Concept tested: Agricultural credit institutions.
Published · How this solution was prepared and checked
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