Institutions For Agricultural Development In Haryana


 
 
Concept Explanation
 

Institutions For Agricultural Development In Haryana

Haryana being an agricultural state, has separate departments dedicated to various phases of agriculture that undertake various developmental activities. They are discussed as follows:

Haryana Cooperative Agriculture and Village Development Bank

  • It was established on 1st November, 1966 under the Punjab Cooperative Association Act 1965.
  • In 1974, its name was changed to Haryana State Cooperative Land Development Bank Limited.
  • The bank provides long term loans to farmers. 90% of the finance of these loans is done by NABARD, 5% by Haryana State Government and 5% by Central Government.
  • Haryana State Cooperative Bank Limited (HARCO)

  • The bank was constituted on 1st November, 1966. It provides finance to farmers, marginal labourers and industrialists.
  • The bank has 13 branches and 2 extension boards in Chandigarh and Panchkula.

  • Bank also assists in giving financial aids.
  • Haryana State Cooperative and Marketing Federation (HAFED)

  • It was established on Ist November, 1966 main office is at Panchkula. Its objective is to provide clean and hygienic food production.
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    Sample Questions
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    Question : 1

    Haryana State Agriculture Marketing Board (HSAMB) headquarters is located at _________________________.

    Right Option : A
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    Question : 2

    Which of the following are correct regarding the various institutions for agricultural development In Haryana:

    (a) HARCO bank provides finance to farmers, marginal labourers and industrialists.

    (b) Haryana State Cooperative Sugar Mill Limited was established in the year 1969.

    (c) Haryana State Agriculture Marketing Board has its headquarters located at Ambala.

    Right Option : A
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    Explanation
    Question : 3

    Which of the following are correct regarding the various institutions for agricultural development In Haryana:

    (a) The full form of HLRDC is Haryana Land Reclamation and Development Corporation.

    (b) The full form of HARCO is Haryana State Cooperative Bank Limited.

    (c) The full form of HSAMB is Haryana State Agriculture Marketing Board.

    Right Option : D
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