In 1971, the Small Farmers Development Agency (SFDA) and Marginal Farmers and Agricultural Labourers (MFAL) Agency were introduced on the recommendations of the ___________

Question

Question

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RPF Constable 2024 Official Paper (Held On 02 Mar, 2025 Shift 3)

Answer 1

The correct answer is All India Credit Review Committee.

Key Points

The Small Farmers Development Agency (SFDA) and Marginal Farmers and Agricultural Labourers (MFAL) Agency were introduced in 1971 based on the recommendations of the All India Credit Review Committee.
The All India Credit Review Committee was established to assess and recommend measures for improving the agricultural credit delivery system in India.
The SFDA focused on providing assistance to small farmers to enhance agricultural productivity and income.
The MFAL initiative aimed to support marginal farmers and agricultural laborers, ensuring economic stability and better employment opportunities for them.
Both programs were instrumental in addressing the challenges faced by economically weaker sections in the agricultural sector.

Additional Information

Small Farmers Development Agency (SFDA):
- SFDA was a pioneering initiative to promote agricultural development among small farmers.
- It provided financial and technical assistance to increase crop production and diversify agricultural activities.
- The program emphasized cooperative farming and efficient use of resources.
Marginal Farmers and Agricultural Labourers (MFAL) Agency:
- MFAL was aimed at improving the socio-economic conditions of marginal farmers and agricultural laborers.
- It offered credit facilities for productive investments and initiated employment-oriented activities.
Agricultural Credit Delivery System:
- This refers to the mechanisms and institutions providing financial support to farmers.
- It includes cooperative banks, regional rural banks, and commercial banks.
- The All India Credit Review Committee played a significant role in improving these systems.
Importance of Agricultural Credit:
- Agricultural credit is critical for purchasing inputs such as seeds, fertilizers, and equipment.
- It supports rural development and ensures food security by boosting agricultural productivity.