Tag: role of agriculture sector

Land Development Banks (LDBs) are also called as Land Mortgage Banks and Agricultural and Rural Development Banks in some states.Land Development Banks- co-operative credit institution provides long-term loans. It provide loans generally more than one year. It provides institutional credit which assist in agricultural developmental activities. Land Development Banks (LDBs) have a 2-tier structure.Land Development Banks (LDBs) have been effectively established in India since 1929.

A large part of cooperative credit is dispersed to  large and rich farmers.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.

Cooperative societies have not been facing problems with regards to recovery of loans and advances- this is a false statement since cooperative societies have been facing problems with regards to recovery of loans and advances.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.

Rural credit provided by cooperative societies suffers from the problem of undue delays- this is a true statement.Cooperative banks as a cooperative credit institution provide both medium-term as well as short-term.loans.Cooperatives provide Institutional credit which assists rural households involved in agricultural activities. The government exclusively depended on development of cooperatives as an institutional source of rural credit till 1970.

Men have been migrating to urban locations in search of better employment avenues leaving the farm responsibilities on women the Survey has suggested the Government for 'gender-specific farm interventions' to support the farm sector.

At present (2017-18, Provisional) India's agri-exports are at US$ 30 billion while its potential is of US$ 100 billion. The scheme Operation Greens is aimed at promoting food processing facilities also together with agri-logistics and professional management of the agri-goods. 

Export Credit Guarantee Corporation of India Limited, was established in the year 1957 by the Government of India to strengthen the export promotion drive by covering the risk of exporting on credit. Being essentially an export promotion organization, it functions under the administrative control of the Ministry of Commerce & Industry, Department of Commerce, and Government, Reserve Bank of India, banking, insurance and exporting community. ECGC is the fifth largest credit insurer of the world in terms of coverage of national exports. The present paid-up capital of the company is Rs. 800 crores and authorised capital Rs. 1,000 crores.