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Agriculture Finance
What is the definition of agriculture finance in the Indian banking context?
Agriculture finance refers to the provision of credit and financial services by banks and financial institutions to the agricultural sector, covering crop production, allied activities, and rural infrastructure development.
What is the minimum percentage of Adjusted Net Bank Credit (ANBC) that banks must lend to agriculture?
18% of ANBC must be directed to agriculture sector.
Which committee recommended the formation of NABARD as a dedicated institution for agricultural credit?
The Shivaraman Committee (Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development) recommended the establishment of NABARD in 1982.
What is NABARD's full form and what year was it established?
National Bank for Agriculture and Rural Development, established in 1982.
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