BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Those who have land for cultivation up to 1 acre
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They are paid daily wages of Rs. 100/-for working on the land
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They have land holdings upto 2 acres
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All of the above
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Detailed explanation-1: -According to the RBI, a ‘Marginal Farmer’ is a farmer who cultivates up to 1 hectare of agricultural land (as an owner, renter, or sharecropper) (2.5 acres). A farmer farming agricultural land of more than 1 hectare and up to 2 hectares (as owner, renter, or sharecropper) is referred to as a “small farmer” (5 acres).
Detailed explanation-2: -marginal farmer (plural marginal farmers) A farmer with a bare subsistence level of income from their own land, sometimes working as an agricultural laborer. In India, the percentage of marginal farmers among all farmers is nearly 70%.
Detailed explanation-3: -’Marginal Farmer’ means a farmer cultivating (as owner or tenant or share cropper) agricultural land up to 1 hectare (2.5 acres). ‘ Small Farmer’ means a farmer cultivating (as owner or tenant or share cropper) agricultural land of more than 1 hectare.
Detailed explanation-4: -Within the 18 per cent target for agriculture, a target of 8 percent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher is prescribed for Small and Marginal Farmers. 18 per cent of ANBC or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher.