Question

In diagnosing rural credit, the AICRS documented a high share of non-institutional credit. Which strategic shift did it advocate to change this composition?

• A. Complete withdrawal of institutional credit to promote self-reliance
• B. Multi-agency approach with strengthened co-operatives, commercial banks, and state partnership
• C. Focusing solely on microfinance institutions for credit dissemination
• D. Encouraging moneylenders to adopt formal banking practices

Answer 1

Answer:

B. Multi-agency approach with strengthened co-operatives, commercial banks, and state partnership

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