Which of the following is NOT an institutional source of rural credit in India?
Answer & explanation
Correct answer: option 1
The correct answer is Option 1: Commission agents
The sources of rural credit can be classified into 2 heads:
- Institutional - Cooperative credit societies, Land development banks, Regional rural banks, Commercial bank credit, Self help groups.
- Non-institutional - Money lenders, Traders and Commission agents, Landlords and Relatives etc.