Agricultural Credit
Agricultural credit refers to the financial resources provided to farmers and agricultural businesses to support their operations. This credit can be used for various purposes, such as purchasing seeds, fertilizers, equipment, or livestock. It helps farmers invest in their production and improve their yields, ultimately contributing to food security and rural development.
There are different types of agricultural credit, including short-term loans for immediate needs and long-term loans for larger investments. Financial institutions, such as banks and credit unions, as well as government programs, often provide these loans to ensure that farmers have access to the funds necessary for successful farming.