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Identify and explain the concepts from the given illustration : Ramraoji takes a loan from the bank for a period of ten years subject to terms and conditions for the purpose of irrigated farming. - Economics

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Question

Identify and explain the concept from the given illustration:

Ramraoji takes a loan from the bank for a period of ten years subject to terms and conditions for the purpose of irrigated farming.

One Line Answer

Solution

A. Identified concept: Long-term agricultural credit.
B. Explanation of concept: Long-term agricultural credit refers to loans that are taken for a period of more than five years.
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Agricultural Credit in India
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Chapter 5: Rural Development in India - Exercise Q.4 [Page 35]

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Balbharati Economics [English] 11 Standard
Chapter 5 Rural Development in India
Exercise Q.4 | Q 5 | Page 35
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