Q. Consider the following statements:
1. From 2015 – 16 onwards, there is a continuous increase in production of rice.
2. The regional distribution of the agricultural credit has been favored of the Southern Region.
Which of the statements given above is/are correct?
Given the large proportion of resource constrained small and marginal farmers in India, timely availability of adequate credit is fundamental for the success of farming activities.
- The agricultural credit flow target for the year 2019-20 was fixed at ` 13,50,000crores and against this target the achievement was ` 13,92,469.81crores.
- The regional distribution of the agricultural credit has, however, been skewed in Favour of the Southern Region.
Source: Economic Survey