A farmer want to take credit to meet his expenditure in agriculture inputs. Which of the following is NOT an institution he may approach for the credit?

National Bank for Agriculture and Rural Development

The correct answer is Option 2: National Bank for Agriculture and Rural Development

The National Bank for Agriculture and Rural Development (NABARD) was set up in 1982 as an apex body to coordinate the activities of all institutions involved in the rural financing system. Thus, a farmer cannot go to take credit from NABARD to meet his expenditure in agriculture input.

The institutional structure of rural banking today consists of a set of multi-agency institutions, namely, commercial banks, regional rural banks (RRBs), cooperatives and land development banks. They are expected to dispense adequate credit at cheaper rates to the farmers.