CURRENT AFFAIRS

Detailed explanation-1: -Axis Bank partners with Bayer’s better life farming (BLF) initiative in India - The Economic Times.

Detailed explanation-2: -Banks role is not limited to lending to agriculture sector. But it expands to providing various services to the farmers, particularly to the Small and Marginal Farmers. Banks have established Credit Counselling Centres to help farmers understand the details of financial support provided by Banks and the various Govt.

Detailed explanation-3: -The financial institutions for agriculture in India was developed with the purpose of financing the needy farmers and providing them the facilities to increase the efficiency of agriculture. As a result, NABARD was formed in 1982.