2021
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What was the targeted Ground Level Credit for agriculture & allied sectors set for 2021-22?
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Rs 15 Lakh cr
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Rs 10 Lakh cr
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Rs 16 Lakh cr
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Rs 16.50 Lakh cr
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Explanation:
Detailed explanation-1: -A target of Rs. 16.50 lakh crore for Ground Level Credit (GLC) has been fixed for 2021-22. Government has been making efforts to link all farmers to institutional credit to ensure timely, hassle free and affordable credit to farmers.
Detailed explanation-2: -In the 2022-23 budget, the government’s agriculture credit target was Rs 18.5 lakh crore, whereas in the 2021-22 budget it was Rs 16.5 lakh crore.
Detailed explanation-3: -The agricultural credit target is ₹18 lakh crore for the current 2022-23 fiscal.
Detailed explanation-4: -3.00 lakh per farmer provided the lending institutions make available short term credit at the ground level at 7% per annum to farmers.
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