Which source of credit had emerged to fully integrate the formal credit system into the overall rura...........

Which source of credit had emerged to fully integrate the formal credit system into the overall rural social and community development?

Self-help Groups

Regional Rural Banks

Commercial Banks

Land Development Banks

- Self-help Groups (Option 1)

- They have become a popular means of providing credit and financial services in rural areas.

- They empower women, promote savings, and encourage community development.

- They operate on principles of mutual help and solidarity.

- Regional Rural Banks (Option 2)

- Established to provide credit and other facilities to small farmers, artisans, and agricultural workers.

- They aim to promote financial inclusion in rural areas.

- Commercial Banks (Option 3)

- Provide a wide array of banking services to all sectors of the economy.

- Play a crucial role in rural development through various government initiatives.

- Land Development Banks (Option 4)

- Specialize in providing long-term loans for agricultural land development.

- They target specific rural infrastructure needs.

Correct Answer: Self-help Groups (Option 1)

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