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Identify and explain the concepts from the given illustration: Subsidized credit is provided by banks to small farmers for purchase of high yielding variety (HYV) seeds. - Economics

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Question

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.

One Line Answer

Solution

A. Identified concept: Short-term credit.
B. Explanation of concept: Short-term credit refers to loans not exceeding two years. It is provided by banks to cultivators for purchase high yielding variety (HYV) seeds, fertilizers, etc.
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Agricultural Credit in India
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Chapter 5: Rural Development in India - Exercise Q.4 [Page 35]

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Balbharati Economics [English] 11 Standard
Chapter 5 Rural Development in India
Exercise Q.4 | Q 3 | Page 35
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