Meaning
Agricultural credit refers to financial support provided to farmers and agricultural businesses. It’s vital for boosting farm productivity and ensuring food security.Definition
This credit involves loans or advances given for agricultural activities, ranging from crop production to infrastructure development and livestock farming.Purpose
Its primary purpose is to help farmers manage operational costs, invest in new technologies, purchase inputs like seeds and fertilizers, and develop irrigation systems.Sources
Key sources include commercial banks, cooperative banks, regional rural banks, and government schemes, offering various short-term and long-term financial products.Author
