The rural population often requires long-term loans to support their agricultural activities. In this scenario, the loan is needed for various purposes, and the correct option is D: For buying agricultural machinery. Let's break down the solution in detail:
Reasons for rural population needing long-term loans:
- Limited access to capital: Rural areas often lack financial institutions and are underserved by banks, making it difficult for the rural population to access funds for agricultural activities.
- Expensive agricultural inputs: The cost of fertilizers, seeds, and agricultural machinery can be high, making it necessary for farmers to seek financial assistance through long-term loans.
Options for long-term loan purposes:
A: For buying fertilizers: Fertilizers are essential for enhancing soil fertility and crop productivity. However, since the question specifies a long-term loan, it is unlikely that farmers would require a loan specifically for buying fertilizers, as they are usually purchased on a seasonal basis.
B: For making minor improvements on land: While land improvements are necessary for optimizing agricultural productivity, they are typically one-time investments. Hence, long-term loans may not be the most suitable option for this purpose.
C: To buy seeds: Seeds are crucial for crop production, but like fertilizers, they are usually purchased on a seasonal basis. Therefore, a long-term loan may not be the most appropriate option for buying seeds.
D: For buying agricultural machinery: Agricultural machinery, such as tractors, harvesters, or irrigation equipment, can significantly enhance productivity and efficiency in farming operations. However, these machines are often expensive, making a long-term loan a suitable option for farmers to acquire them.
In conclusion, while the rural population may require long-term loans for various agricultural activities, the most appropriate option in this scenario is D, for buying agricultural machinery.