The correct answer is: d) All of the above
Sikkim has a number of initiatives in place to improve farmers’ access to credit. These include microfinance schemes, crop insurance programs, and government-backed loans.
Microfinance schemes are small loans that are provided to individuals or groups of individuals who are unable to obtain credit from traditional sources, such as banks. These loans are often used to start or expand small businesses, or to cover the costs of agricultural inputs.
Crop insurance programs provide financial protection to farmers in the event of crop failure due to drought, pests, or other natural disasters. These programs can help farmers to recover their losses and continue to produce food.
Government-backed loans are loans that are provided by the government to farmers at a lower interest rate than they would be able to obtain from a commercial bank. These loans can help farmers to finance the purchase of land, equipment, and other inputs.
All of these initiatives are designed to help farmers to access the credit they need to improve their livelihoods.