Official Answer Key & Detailed Solution
Ready to check the official UPSC Answer Key?
Click any option above to test yourself under exam conditions, or reveal the explanation directly.
Correct Answer: Option (A) — the Primary Agricultural Cooperative Societies, commercial banks, RRBs and private money lenders
Concept & Option Breakdown
Standard Reference Verified- Direct agricultural credit is provided to farmers through grassroots institutions such as Primary Agricultural Cooperative Societies (PACS), Commercial Banks, and Regional Rural Banks (RRBs), alongside non-institutional sources like private money lenders.
- NABARD and RBI are refinancing and apex regulatory bodies; they do not extend direct retail loans to farmers. IRDP and JRY were poverty alleviation and employment programmes, not credit-supplying financial institutions.
Eliminate options mentioning apex regulatory/refinancing bodies like RBI and NABARD for direct farmer credit.
Practice Full-Length & Sectional Prelims Mocks on this Interface
50 simulated tests in the APT Prelims Test Series (₹1,493) or 1-on-1 Mentorship with Avinash Sir.