Correct option is A
Correct Answer:
(a) Two-tier system|
In the Cooperative Credit Structure in India, the long-term credit structure is organized to meet the investment needs of farmers (e.g., land development, irrigation, farm machinery). It operates in a two-tier system:
- State Cooperative Agriculture and Rural Development Banks (SCARDBs) – at the state level
- Primary Cooperative Agriculture and Rural Development Banks (PCARDBs) – at the district/block level