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Land Development Bank provide loans for a period of
- a)One year
- b)Two to five years
- c)Five to seven years
- d)Fifteen to twenty years.
Correct answer is 'D'. Can you explain this answer?
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Land Development Bank provide loans for a period ofa)One yearb)Two to ...
Indian farmers need three types of credit, viz., short-term, medium-term and long-term. Their short-term and medium-term credit requirements are fulfilled by the co-operative banking institutions like PACs, CCBs and SCBs.Farmers have to borrow also for the long-term (for a period of 5 years to 20 years) for buying equipment like pump sets, tractors, etc., and for other development purposes, such as reclamation of land, fencing, digging of new wells, construction of a tank or tube-well, or buying additional land. Thus, a need for a special kind of institution to provide long-term finance to the Indian agriculturists was earnestly felt. Consequently, land development banks came into existence.
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Land Development Bank provide loans for a period ofa)One yearb)Two to ...
Land Development Bank Loans Duration
Introduction: Land Development Bank (LDB) is a financial institution that provides loans for agricultural and rural development. It is a specialized bank that provides financial assistance to farmers, rural artisans, and other people living in rural areas. The bank provides loans for a specific period, depending on the purpose of the loan.
Loan Duration: The duration of the loan depends on the type of loan and the purpose of the loan. Land Development Bank provides loans for a period of fifteen to twenty years. The loan is given for a long-term period as it is used for agricultural and rural development, which requires time for the repayment of the loan. The bank also provides loans for shorter periods for specific purposes.
Types of Loans: Land Development Bank provides loans for various purposes, such as agricultural loans, short-term loans, medium-term loans, and long-term loans. The duration of the loan depends on the type of loan and the purpose of the loan.
- Agricultural Loans: Agricultural loans are given for the purpose of agriculture. The loan is provided for a long-term period of fifteen to twenty years. The loan is given to farmers for the purchase of land, seeds, fertilizers, and other agriculture-related expenses.
- Short-Term Loans: Short-term loans are given for a period of one year. The loan is provided for the purpose of meeting the immediate financial requirements of the borrower. The loan is given to meet the expenses related to crop production, animal husbandry, and other activities related to agriculture.
- Medium-Term Loans: Medium-term loans are given for a period of two to five years. The loan is provided for the purpose of purchasing equipment, machinery, and other assets related to agriculture. The loan is also given for the purpose of setting up small businesses in rural areas.
- Long-Term Loans: Long-term loans are given for a period of fifteen to twenty years. The loan is provided for the purpose of rural development. The loan is given for the construction of roads, bridges, schools, hospitals, and other infrastructure-related activities in rural areas.
Conclusion: Land Development Bank provides loans for a specific period depending on the purpose of the loan. The loan is provided for agricultural and rural development, and the duration of the loan depends on the type of loan and the purpose of the loan. The bank provides loans for a long-term period of fifteen to twenty years, which is used for rural development activities.
Introduction: Land Development Bank (LDB) is a financial institution that provides loans for agricultural and rural development. It is a specialized bank that provides financial assistance to farmers, rural artisans, and other people living in rural areas. The bank provides loans for a specific period, depending on the purpose of the loan.
Loan Duration: The duration of the loan depends on the type of loan and the purpose of the loan. Land Development Bank provides loans for a period of fifteen to twenty years. The loan is given for a long-term period as it is used for agricultural and rural development, which requires time for the repayment of the loan. The bank also provides loans for shorter periods for specific purposes.
Types of Loans: Land Development Bank provides loans for various purposes, such as agricultural loans, short-term loans, medium-term loans, and long-term loans. The duration of the loan depends on the type of loan and the purpose of the loan.
- Agricultural Loans: Agricultural loans are given for the purpose of agriculture. The loan is provided for a long-term period of fifteen to twenty years. The loan is given to farmers for the purchase of land, seeds, fertilizers, and other agriculture-related expenses.
- Short-Term Loans: Short-term loans are given for a period of one year. The loan is provided for the purpose of meeting the immediate financial requirements of the borrower. The loan is given to meet the expenses related to crop production, animal husbandry, and other activities related to agriculture.
- Medium-Term Loans: Medium-term loans are given for a period of two to five years. The loan is provided for the purpose of purchasing equipment, machinery, and other assets related to agriculture. The loan is also given for the purpose of setting up small businesses in rural areas.
- Long-Term Loans: Long-term loans are given for a period of fifteen to twenty years. The loan is provided for the purpose of rural development. The loan is given for the construction of roads, bridges, schools, hospitals, and other infrastructure-related activities in rural areas.
Conclusion: Land Development Bank provides loans for a specific period depending on the purpose of the loan. The loan is provided for agricultural and rural development, and the duration of the loan depends on the type of loan and the purpose of the loan. The bank provides loans for a long-term period of fifteen to twenty years, which is used for rural development activities.
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Land Development Bank provide loans for a period ofa)One yearb)Two to five yearsc)Five to seven yearsd)Fifteen to twenty years.Correct answer is 'D'. Can you explain this answer?
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Land Development Bank provide loans for a period ofa)One yearb)Two to five yearsc)Five to seven yearsd)Fifteen to twenty years.Correct answer is 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Land Development Bank provide loans for a period ofa)One yearb)Two to five yearsc)Five to seven yearsd)Fifteen to twenty years.Correct answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Land Development Bank provide loans for a period ofa)One yearb)Two to five yearsc)Five to seven yearsd)Fifteen to twenty years.Correct answer is 'D'. Can you explain this answer?.
Land Development Bank provide loans for a period ofa)One yearb)Two to five yearsc)Five to seven yearsd)Fifteen to twenty years.Correct answer is 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Land Development Bank provide loans for a period ofa)One yearb)Two to five yearsc)Five to seven yearsd)Fifteen to twenty years.Correct answer is 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Land Development Bank provide loans for a period ofa)One yearb)Two to five yearsc)Five to seven yearsd)Fifteen to twenty years.Correct answer is 'D'. Can you explain this answer?.
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