In the question given below there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options.

Assertion (A)-  Lesser attention has been given by rural banking to the small and marginal farmers.

Reason (R)- The benefits of rural banking is mostly enjoyed by the rich farmers.

 Both (A) and (R) are true but (R) is not the correct explanation of (A).

The institutional structure of rural banking today consists of a set of multi-agency institutions. They are expected to dispense adequate credit at cheaper rates. Since, some kind of collateral is required, vast proportion of poor rural households were automatically out of the credit network. Thus, we can say that benefits of rural banking is mostly enjoyed by the rich farmers.