Question

The concept of 'State Partnership' for helping Co-operative Societies was recommended for the first time by which Committee?

• A. All India Rural Credit Survey Committee
• B. V.L. Mehta Committee
• C. Co-operative Planning Committee
• D. Agricultural Finance Sub-Committee

Answer 1

Answer:

A. All India Rural Credit Survey Committee

The All-India Rural Credit Review Committee (AIRCRC) was a committee established by the Reserve Bank of India (RBI) in 1966 to review the agricultural credit system: 

• Purpose: To identify bottlenecks and take remedial measures 

• Chair: B. Venkatappaiah 

• Recommendations: 

  • Set up Regional Rural Banks (RRBs) to supplement commercial banks 

  • Establish the Rural Electrification Corporation to finance rural electrification schemes 

  • Establish Small Farmers Development Agencies (SFDA) and Marginal Farmers and Agricultural Labourers (MFAL) to identify problems of small and marginal farmers 

• Findings: The committee emphasized that co-operatives should be developed, but that other institutions should coexist alongside them in healthy competition