What does the author mean by “procedures” when he says that ‘farmers do not get a chance of availing institutional finance because of procedures involved in it’?

  • He refers to the government guideline of disbursing finance only to medium and large land owners.
  • Refers to the strict government rule of providing loans to only such farmers who can guarantee a default-free-tenture.
  • The formalities to avail these facilities are enormous and too difficult for an ordinary farmer to understand
  • Refers to the danger the farmers must face from the local money-lenders if they availed the loan from government instead.
  • None of these
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What does the author mean by “procedures” when he says that ‘farmers do not get a
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