Question

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

• A. Cooperative Banks
• B. Land Development Banks
• C. NABARD
• D. None of the above

Answer 1

Answer: (B)

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.