Question

After 1969, which approach did the government adopt to meet rural credit needs?

पर्याय

• Multi-agency approach

• Single-moneylender approach

• Foreign-aid-only approach

• Exclusive urban banking approach

Answer 1

The shift to social banking after 1969 was accompanied by a multi-agency approach, under which several institutional agencies were developed to provide rural credit instead of relying on a single source.