Challenger App

No.1 PSC Learning App

1M+ Downloads
The multi-agency approach in rural credit recommended by AIRCRC included:

ALimiting credit solely to cooperative banks to maintain their monopoly.

BInvolving commercial banks alongside cooperatives to lend to farmers

CFocusing exclusively on government-sponsored schemes without involving private institutions.

DPrioritizing agricultural finance through moneylenders rather than formal institutions.

Answer:

B. Involving commercial banks alongside cooperatives to lend to farmers

Read Explanation:

.


Related Questions:

CRAFICARD’s recommendations culminated in the establishment of which institution, and what gap did it fill in India’s rural finance architecture?
When did the Planning Commission evaluate NCUI's member education programme?
Which organization is responsible for creating the National Co-operative Training Fund?
The AIRCRC committee suggested classifying cooperative societies under which structure?
What is the balance represented by co-operation according to V. S. Bhide?