Corporation (ARDC)
Chapter 6: Chapter 6 · ECONOMICS · EN medium
From your actual textbook ✓
What does your textbook say about Corporation (ARDC)?
Farmers in India require mainly medium term and long term loans and they face a lot of difficulties in getting them. The only organization providing long term credit is Land Development Banks which have lagged behind and recorded only limited success. The credit requirements of the agricultural sector are increasing year after year. With the aim of bridging the gap in agricultural finance and to extend credit for projects involving agricultural development, an organization called the Agricultural Refinance Development Corporation (ARDC) was established by an Act of Parliament and it started functioning from July , . . .
📖 Class 12 Economics English Medium 2024 Edition www.tntextbooks.in · Page 114
Read from the source
Complete lesson
Farmers in India require mainly medium term and long term loans and they face a lot of difficulties in getting them. The only organization providing long term credit is Land Development Banks which have lagged behind and recorded only limited success. The credit requirements of the agricultural sector are increasing year after year. With the aim of bridging the gap in agricultural finance and to extend credit for projects involving agricultural development, an organization called the Agricultural Refinance Development Corporation (ARDC) was established by an Act of Parliament and it started functioning from July , .
. . Objectives of the ARDC: (i) To provide necessary funds by way of refinance to eligible institutions such
Related topics
Want this shaped for your exam marks?
Get an AI answer grounded in your actual textbook — with the exact page reference.
Ask AI about this topic →