Which one of the following is the largest source of agricultural credit in India in recent years?

Commercial Banks
Corporate Banks
Regional Rural Banks
Land Development Banks

The correct answer is (c) Regional Rural Banks (RRBs).

RRBs are the largest source of agricultural credit in India in recent years. They have been providing credit to farmers at an affordable rate and have helped to increase agricultural production. RRBs are also playing a major role in rural development by providing credit to small businesses and industries.

Commercial banks are also a major source of agricultural credit, but they charge higher interest rates than RRBs. Corporate banks are not a major source of agricultural credit, as they focus on lending to large businesses. Land development banks are a government-sponsored institution that provides credit for land development and irrigation projects.

Here are some additional details about each option:

  • Commercial banks are for-profit institutions that provide a variety of financial services, including loans, deposits, and investments. They are regulated by the Reserve Bank of India (RBI).
  • Corporate banks are large, private banks that cater to the needs of large businesses and corporations. They are also regulated by the RBI.
  • Regional Rural Banks (RRBs) are rural-focused banks that were established in 1975 to provide credit to small farmers and rural businesses. They are jointly owned by the central government, state governments, and commercial banks.
  • Land Development Banks (LDBs) are government-sponsored institutions that provide credit for land development and irrigation projects. They are regulated by the RBI.