BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To facilitate delivery of credit to farmers
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To facilitate better delivery of credit to farmers through informal sources
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To facilitate better delivery of credit to share croppers and those who do not have their own land
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To facilitate better delivery of credit to farmers through Panchayats
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Detailed explanation-1: -A bank can finance a JLG in two ways, either financing to a group directly or to an individual in the group. In both cases, all members of a JLG are responsible for repaying the loan amount.
Detailed explanation-2: -NABARD shall provide grant assistance to the Banks for passing on to Corporate BC/ NGO-JLGPIs, as the case may be, for formation, nurturing and financing of new JLGs ‘ 4, 000/-per JLG.
Detailed explanation-3: -Purpose / Objective : To augment flow of credit to tenant farmers cultivating land either as oral lessees or share croppers an small farmers who do not have proper title of their land holding through formation and financing of JLGs. To extend collateral free loans to target clients through JLG mechanism.
Detailed explanation-4: -NABARD does not provide any loan to individuals.