Which co-operative credit institution provides long-term loans?
A
Cooperative Banks
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B
Land Development Banks
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C
NABARD
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D
None of the above
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Solution
The correct option is A Land Development Banks Land Development Banks- co-operative credit institution provides long-term loans. It provide loans generally more than one year. It provides institutional credit which assist in agricultural developmental activities. Land Development Banks (LDBs) have a 2-tier structure.Land Development Banks (LDBs) have been effectively established in India since 1929.