Agricultural Credit Act

The Agricultural Credit Act is legislation that supports farmers by providing them with access to affordable credit and financial services. It establishes institutions like banks and cooperatives to issue loans, crop insurance, and other financial products tailored to agricultural needs. The goal is to ensure farmers can invest in their land, equipment, and inputs, especially during challenging times, while promoting the growth and stability of the agricultural sector. By doing so, the Act helps secure food production and rural economic development.