Which of the following grants direct credit assistance to the households? 1. Regional Rural Banks 2. National Bank for Agriculture and Rural Development 3. Land Development Banks Select the correct answer using codes given below.

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CollectorBabu · Accepted Answer

Correct Answer: 1 and 3 only. Regional Rural Banks are setup to develop rural economy by showing credit facilities for the purpose of development of agriculture, trade, commerce, industry and productive activities in rural areas, so statement 1 is correct. National Bank for Agriculture and Rural Development refinances financial institutions for rural sector which has no direct credit to rural household, so statement 2 is incorrect. It regulates rural financing basically. Land Development Banks are special banks that gives Long Term Loans to rural household, so statement 3 is correct. We see that statements 1 and 3 are correct, so correct option is C.

Which of the following grants direct credit assistance to the households? 1. Regional Rural Banks 2. National Bank for Agriculture and Rural Development 3. Land Development Banks Select the correct answer using codes given below.

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