CUET-UG Economics / Business Economics Test: Passage 8 — Flashcards | CUET | FatSkills

CUET-UG Economics / Business Economics Test: Passage 8 — Flashcards

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Read the passage below and answer the questions:

Rural Development is the key issue with the government.    
Without the development of rural areas India cannot increase its growth to desired level. Rural development does not mean only to develop its agriculture marketing and credit but also to develop education, training, and infrastructure in rural areas. The government has launched many programs especially of provision of credit and marketing facilities.    
The farmers often have shortage of funds. Farmers generally go to non-institutional sources for their short-term and long term-loans. But farmers are generally exploited. To help them government started provided loan through commercial banks and an apex bank named NABARD was established in 1982.    
Government is also making efforts to im prove agricultural marketing by removing the role of intermediaries where farmers can directly sell their produce to seller without involving any commission agent or middlemen.    

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Name the Non-institutional sources of credit
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