Question 6
AgricultureThe primary objective of the Agricultural Credit Guarantee Scheme is the provision of
- A.guarantee for loans granted by banks for agricultural purposes
- B.agricultural inputs to facilitate credit from banks
- C.loans for every farmer
- D.agricultural products for farmers
Show the answer and explanation
Answer: A (guarantee for loans granted by banks for agricultural purposes)
Explanation
The scheme guarantees banks' loans to farmers, so banks are more willing to lend to agriculture.