BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Commercial Banks
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Co-operative Banks
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Regional Rural Banks
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Microfinance Institutions
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Detailed explanation-1: -Commercial banks have the highest share in the disbursement of credit to agriculture and allied activities. The commercial banks disburse around 60% credit followed by cooperative banks around 30% and RRB and others.
Detailed explanation-2: -NABARD-National Bank For Agriculture And Rural Development.
Detailed explanation-3: -State Bank of India is a leader in financing projects in the agriculture sector. They have helped millions of farmer across the country through their 16, 000 plus branches. They offer a variety of products like Kisan Credit Card, gold loan for crop production and multi-purpose gold loan for agriculture activities.
Detailed explanation-4: -Co-operative Credit Societies-This source of credit is the most economical and important source of rural credit. It was set up with the aim of facilitating the complete credit needs for small and medium farmers. Co-operative Credit Societies progressed steadily after a few years for inception.
Detailed explanation-5: -The four major sources of institutional credit are co-operatives, commercial banks, regional rural banks and government departments.