Institutional credit to the agriculture sector in India is primarily provided by a network of domestic banks, including Commercial Banks (Public and Private Sector Indian Banks), Cooperative Banks (Short-term and Long-term), and Regional Rural Banks (RRBs). These institutions have extensive rural networks and specific mandates or targets for agricultural lending (like priority sector lending norms for commercial banks). Foreign Private Banks in India, while contributing to the overall banking system, primarily focus on corporate banking, trade finance, wealth management, and services for urban or high-net-worth clients. Their involvement in direct agricultural lending is minimal compared to the domestic banks and cooperatives.
Which among the following is providing least institutional credit to agriculture and allied activities in recent years ?
Asked in UPPSC Upper Mains 2010 · Topic: Agriculture and Allied Sectors (Farm Credit and Insurance Schemes)
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