The following points highlight the four institutional agencies of rural credit in India. The agencies are: 1. Government 2. Co-Operative Credit Societies 3. Land Mortgage Banks 4. Commercial Banks. Agency # 1. Government: In India, the Government has been providing loans to agriculturists under the Land Improvement Act, 1883 and the Agriculturists Loans Act of 1884. Since Independence, Government has [...]
In this article we will discuss about the institutional and non-institutional agencies of rural credit in India. Institutional Agencies: (1) Government: In India, the Government has been providing loans to agriculturists under the Land Improvement Act, 1883 and the Agriculturists Loans Act of 1884. Since Independence, Government has also been giving loans under the schemes like Grow More Food as [...]
The following points will highlight the five major sources of rural credit in India. They are: 1. Co-Operative Credit Societies 2. Land Development Banks 3. Commercial Banks 4. Regional Rural Banks 5. The Government. Source # 1. Co-Operative Credit Societies: The cooperative societies are supposed to be the cheapest and most important source of rural credit. When co-operatives were first [...]