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Indian Rural Credit

Which co-oper...

Question

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.

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