What is the role of the Reserve Bank in agricultural credit?

1 year ago
Banking

The role of the Reserve Bank in agricultural credit is highly significant. The Reserve Bank of India Act envisages (a) provision of agricultural credit by the Bank through the scheduled or state co-operative banks for different purposes, and (b) setting up a special agricultural credit department to maintain the necessary staff for study and review of all questions of agricultural credit for consultation by the Government of India, the State Governments. State co-operative banks and other banking organisations.

Susmita Sah
Jan 16, 2022
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