Agriculture Finance
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
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.
What is the primary apex institution for agricultural and rural development finance in India?
NABARD (National Bank for Agriculture and Rural Development), established in 1982, is the apex institution for agricultural credit, providing refinance, supervision, and development support to rural lending institutions.
What is the purpose of the Agricultural Gold Loan scheme offered by banks?
Short-term credit against gold jewellery for agricultural purposes.
What is a Kisan Credit Card (KCC) and what purpose does it serve?
Kisan Credit Card is a revolving credit facility provided to farmers to meet their short-term crop cultivation needs, post-harvest expenses, and allied agricultural activities through a single flexible credit limit.
What does the term 'crop season' mean in the context of NPA norms for agricultural loans?
Period from sowing to harvesting of a particular crop.
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