You are the Agricultural bank manager; a farmer approaches you for loa

1.	You are the Agricultural bank manager; a farmer approaches you for loan from your bank for purchasing a tractor and other farm equipment. How would you sanction the loan?
Answer» National Bank for Agriculture and Rural Development (NABARD) is such a bank National Cooperative Development Corporation (NCDC). These banks are giving bank loans for agriculture. If I were a bank manager, I ask the farmer the details of security. Land documents and other securities must be collected from the agriculturist. Then I check the productivity of his land. How much earnings from that land in every year. If the regular incomes and yielding getting from that land, we can allow loan sanction for that farmer. Before that the terms and conditions of the loan sanction letter to be given. He has to read and put the signature in that credit letter.

You are the Agricultural bank manager; a farmer approaches you for loan from your bank for purchasing a tractor and other farm equipment. How would you sanction the loan?

Answer»

National Bank for Agriculture and Rural Development (NABARD) is such a bank National Cooperative Development Corporation (NCDC). These banks are giving bank loans for agriculture. If I were a bank manager, I ask the farmer the details of security. Land documents and other securities must be collected from the agriculturist. Then I check the productivity of his land.

How much earnings from that land in every year. If the regular incomes and yielding getting from that land, we can allow loan sanction for that farmer. Before that the terms and conditions of the loan sanction letter to be given. He has to read and put the signature in that credit letter.

Discussion

No Comment Found

Related InterviewSolutions

What were the two main occupations of the Rig Vedic Aryans?
Name the two political institutions which exercised check on the powers of the King in the Rig Vedic period.
What w’as the position of women in the Rig Vedic age ?
Describe the social life of the Rig Vedic Aryans with reference to the following: (a) The Family Structure (b) Position of Women (c) Varna System
With reference to the following explain the main features of the Rig Vedic Economy: (a) Agriculture (b) Domestication of Animals (c) Trade Transactions, Crafts and Transportation
Mention any two archaeological sources to reconstruct the later Vedic Age.
Mention any two of the Ashrams in the life of a man in Aryan society.
What information do we gather from the later Vedic literature in respect of: (a) Spread of Vedic Civilization to many New Regions. (b) Role of Iron in later Vedic Economy.
Mention briefly the rituals and sacrifices of the later Vedic Aryans?
What is the message of the Bhagavad Gita?