Economics · Agricultural Finance
With reference to agricultural finance in India, consider the following statements: 1. Small and marginal farmers can avail of micro-loans through the Kisan Credit Card (KCC) scheme. 2. Banks are required to lend a specific percentage (18%) of their Adjusted Net Bank Credit (ANBC) or Credit Equivalent Amount of Off-Balance Sheet Exposure, whichever is higher, to the agriculture sector under Priority Sector Lending (PSL). 3. The interest rate on agricultural loans is solely determined by the RBI and is uniform across all banks. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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1 and 2 only
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