Question on: SS1 Agriculture - Sources of farm financing
Describe the primary functions of agricultural banks in providing farm financing.
View related lesson
Ask EduPadi AI for a detailed answer
Agricultural banks primarily serve the agricultural sector by providing financial services and farm financing. Their functions include offering various types of loans such as crop loans, farm equipment loans, and long-term agricultural development loans. They often have government affiliations and offer tailored financial products to support the growth and modernization of agriculture. Additionally, agricultural banks may promote financial literacy and provide technical assistance to farmers.
Add your answer
Please share this, thanks!
No responses