NABARD launched a special pilot project in 2004-05 called _________ mainly to fulfill the credit needs of the small and marginal farmers and tenant farmers.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. JLGs.
NABARD launched the "Joint Liability Group (JLG) Scheme" as a special pilot project in 2004-05 to address the credit needs of small and marginal farmers, as well as tenant farmers. The JLG model encourages group lending, where farmers form a group and are collectively responsible for loan repayment. This scheme helps farmers without formal credit histories access loans and improve agricultural productivity, ultimately aiming to reduce dependency on informal moneylenders and support sustainable livelihoods.