Rural Development in India — Economics STD 11 Commerce / Arts — Question

Agricultural credit is an important prerequisite for agricultural growth.
Classification of Rural Co-operative Credit Institutions are as follows:

The rural co-operative credit institutions are divided into short-term credit co-operatives and long-term credit co-operatives.

(i) Short-term credit Co-operatives provide short-term rural credit. They are based on a three-tier structure.
Primary Agricultural Credit Societies operate at the village level, DCCB at the district level, and SCB at the state level.

(ii) Long-term credit Co-operatives meet the long-term requirements of the farmers. They are organized at two levels. Primary Co-operative Agriculture and Rural Development Banks operate at the village level as an independent unit. State Co-operative Agriculture and Rural Development Banks operate at the state level through their branches in different villages. They provide credit to the rural and agricultural sectors for their development.