The target for agriculture lending by the banks for the year 2007-08 is
-
2.25 lakh crore
-
2 lakh crore
-
2.50 lakh crore
-
3 lakh crore
A
Correct answer
Explanation
Rs. 2.25 lakh crore was the correct target for agriculture lending by banks in 2007-08. This target was set by the Reserve Bank of India to ensure adequate credit flow to farmers. The other options are close but incorrect - 2 lakh crore was too low and 2.5 or 3 lakh crore were too high.