Identify and explain the concepts from the given illustration: Raoji purchased a new tractor for his farm by taking a loan. - Economics

Identify and explain the concept from the given illustration:

Raoji purchased a new tractor for his farm by taking a loan.

One Line Answer

A. Identified concept: Productive agricultural credit.

B. Explanation of concept: The agricultural credit that is used for agricultural productive activities is called productive agricultural credit.

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Agricultural Credit in India

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Chapter 5: Rural Development in India - Exercise Q.4 [Page 35]

Chapter 5 Rural Development in India
Exercise Q.4 | Q 2 | Page 35

Choose the wrong pair:

Assertion and Reasoning – choose the correct answer from the following :

Assertion (A): Agricultural credit is mostly for unproductive purposes.

Reasoning (R): Agricultural credit is an important pre-requisite for agricultural growth.

Identify and explain the concept from the given illustration:

Subsidized credit is provided by banks to small farmers for the purchase of high yielding variety (HYV) seeds.

Identify and explain the concept from the given illustration:

Damaji borrows loan from a credit society established in the village this season rather than taking it from a moneylender.

Identify and explain the concept from the given illustration:

Ramraoji takes a loan from the bank for a period of ten years subject to terms and conditions for the purpose of irrigated farming.