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?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

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. 

 

Production of rice and wheat

 

 

 

 

Source: Economic Survey 

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