Which type of banks is proposed to be established for agriculture and rural development in Bihar?
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Option 2 : Krishi Yantra Banks
The correct answer is Krishi Yantra Banks.
- The Gross State Domestic Product of Bihar for 2020-21 (at current prices) is projected to be Rs 6,85,797 crore.
As per the Bihar Budget 2020-21.
- The state has allocated 3.5% of its total expenditure towards agriculture and allied activities. This is significantly lower than the average allocated by states (7.1%).
- Bihar has allocated 12.8% of its expenditure on rural development. This is significantly higher than the average allocation for rural development by states (6.2%).
- Krishi Yantra Banks has been established at Panchayat level.
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