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What is the main purpose of agricultural credit for farmers?

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Question

What is the main purpose of agricultural credit for farmers?

Options

  • To pay government taxes

  • To buy seeds and fertilisers and support family expenses

  • To build shopping malls

  • To import foreign goods

MCQ
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Solution

To buy seeds and fertilisers and support family expenses

Explanation:

Agricultural credit helps farmers purchase vital inputs and manage family needs when personal savings are insufficient.

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