Q. 75.0( 6 Votes )

What are the services rendered by the banks in fulfilling the needs of farmers?

Answer :

The services provided by the banks to the farmers are:

a. Banks provide loans to farmers at a low rate, to buy agricultural equipment.

b. Banks freed the farmers from the clutches of money lenders who use to charge heavy interest on the amount provided and failing to repay that amount farmer’ lands were seized.

c. Banks have brought the farmers under the ambit of services like loans, credits, nonmortgage loans etc.

d. Banks provide farmers with facilities like Kisan Vikas card to meet their day to day requirements.

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