wiz-icon
MyQuestionIcon
MyQuestionIcon
8
You visited us 8 times! Enjoying our articles? Unlock Full Access!
Question

Which co-operative credit institution provides long-term loans?

A
Cooperative Banks
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Land Development Banks
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
NABARD
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
None of the above
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
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.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Rural Credit
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon