Question :
Which one of the following disburses long-term loans to private industry in India?
Option 1:
Food Corporation of India
Option 2:
Life Insurance Corporation of India
Option 3: Primary Credit Society
Option 4: Land Development Banks
Correct Answer: Land Development Banks
Solution : The correct answer is Land Development Banks .
The Land Development Bank is a commercial type of bank in India. The first bank was initiated in 1960 in Punjab to develop land and agriculture. It provides medium and long-term loans to small and medium-scale industries.
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