Under the scheme of Co-operative Agricultural Credit developed in India, the state Co-operative Bank has been considered such a vital link that

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	it has been given a status comparable to that of a scheduled bank
B	for certain purposes, the central financing agencies have been treated as its branches
C	Both A and B
D	All

Explanation:

Detailed explanation-1: -NABARD provides medium-term credit limits for conversion of short-term crop loans advanced for financing seasonal agricultural operations (SAO) to State Co-operative Banks and Regional Rural Banks for providing relief to the farmers whose crops have been damaged due to natural calamities.

Detailed explanation-2: -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. Q.

Detailed explanation-3: -National Bank for Agriculture and Rural Development(NABARD) is an apex development financial institution in India which provides financial inclusion to all the required farmers, looks after rural development plans and financial support the regional growth of backward areas of the economy.

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