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Asia Pacific Rural And Agricultural Credit Association
Recently, the 6th World Congress on Rural and Agricultural Finance was organised by NABARD in association with the Asia Pacific Rural and Agricultural Credit Association (APRACA). Consider the following given statements about the APRACA:
- It was launched during the first General Assembly Meeting held in New Delhi, India in 1977.
- The General Secretariat of APRACA was established at the FAO Regional Office for Asia and the Pacific (FAO-RAP) premises in Bangkok, Thailand.
Choose the correct answer from the codes given below:
A |
Only 1
|
|
B |
Only 2
|
|
C |
Both 1 and 2
|
|
D |
Neither 1 nor 2
|
Your Ans is
Right ans is B
Your Answer Is Correct
Your Answer Is Wrong
Explanation :
- Asia-Pacific Rural and Agricultural Credit Association(APRACA) is a regional association that promotes cooperation and facilitates mutual exchange of information and expertise in the field of rural finance.
- As of April 2019, a total of 86 institutions in 24 countries in the Asia-Pacific Region are affiliated with the APRACA as its members.
History
- The establishment of a Regional Association that promotes cooperation and facilitates mutual exchange of information and expertise in the field of rural finance was first proposed at the Regional Seminar on Agricultural Credit for Small Farmers, sponsored by the Food and Agriculture Organization (FAO) of the Pacific in October 1974.
- Subsequently under the auspices of FAO, rural finance and agricultural credit institutions in the region formally launched APRACA during its first General Assembly Meeting in New Delhi, India, on October 14, 1977, held in conjunction with the third FAO Asian Conference on Agricultural Credit and Cooperatives.
Mission
- To promote the efficiency and effectiveness of rural finance and improve access to financial services through a network of knowledge sharing and learning, capacity-building, research and exchange of expertise.
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