QUESTION

Medium

Economy

Prelims 2013

Which of the following grants/ grant direct credit assistance to rural households?

  1. Regional Rural Banks
  2. National Bank for Agriculture and Rural Development
  3. Land Development Banks

Select the correct answer using the codes given below:

Select an option to attempt

Explanation

1 and 3 only (Regional Rural Banks and Land Development Banks) provide direct credit to rural households.

While NABARD refinances rural financial institutions, it doesn't directly lend to households.

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