Rural credit and cooperatives: Since inception of the co-operative movement, rural credit has been… Assess the role and coverage of cooperatives in India’s rural credit delivery. Choose the correct option.
General Knowledge
Indian Economy
Difficulty: Medium
Choose an option
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APredominantly supplied through cooperative credit institutions
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BProvided mainly by moneylenders
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CExclusively delivered by commercial banks
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DAvailable only from microfinance institutions
Answer
Correct Answer: Predominantly supplied through cooperative credit institutions
Explanation
Context
- Historically, co-operative credit institutions were designed to expand rural credit access; over decades they have played a significant, though regionally varied, role.
Final AnswerPredominantly supplied through cooperative credit institutions