The primary objective of Agricultural Credit Guarantee Scheme is the provision of
Answer Details
The primary objective of Agricultural Credit Guarantee Scheme is the provision of a guarantee for loans granted by banks for agricultural purposes. This means that the scheme is designed to encourage and facilitate lending to farmers for agricultural activities by providing a guarantee to the lending banks against default. This helps to mitigate the risks associated with agricultural lending, and thereby increase the availability of credit to farmers. The scheme does not provide agricultural inputs or products directly, nor does it provide credit directly to farmers. Its focus is on facilitating lending by providing guarantees to lending banks.