Agricultural Credit Subject: Economy Section: Agriculture Context: Mandated to provide and regulate credit for agriculture, NABARD has deviated from its objectives by investing in private corporations. Therefore, it’s time to consider a separate ‘Rashtriya Kisan Bank’ that is completely dedicated to agriculture and rural development. Issue? In the last 10 years, agriculture credit […]

    Agricultural Credit Subject: Economy Section: Agriculture Context: Farmers seeking loans from private money lenders in Maharashtra increased by 27% and the loan amount raised by 42 % in 2021. Concept: Majority of these farmers seeking loans are small and marginal farmers. Their dependence on private money lenders multiplied due to Covid-led lockdowns, closure […]