alleryStart learning →India adopted social banking and a multi-agency approach to rural credit after
A1998
B1969
C1982
D1955
Answer & Solution
Correct answer: B. 1969
1. Before independence, moneylenders and traders dominated rural lending.
2. The state moved to widen formal credit access.
3. Social banking and the multi-agency approach were adopted after **1969**.
4. NABARD came later, in 1982, to coordinate the agencies this approach created.
_Source: syllabus Indian Economic Development, Ch 5 "Rural Development", section 5.3 CREDIT AND MARKETING IN RURA L_
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