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Rural Development in India — Economics STD 11 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsEconomicsRural Development in India2 Marks
Question
Medium-Term Credit and Long Term Credit.
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Answer

Medium-Term CreditLong Term Credit
(i) It refers to a loan for a period of up to 5 years.(i) It is taken for a period of more than 5 years.
(ii) It is taken to make improvements on the land, buying cattle, or agricultural equipment, digging of canals, etc.(ii) It is generally taken to buy tractors, making permanent improvements on the land, etc.

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