Which of the following banks provides long-term loans to farmers?
- ASBI
- BNABARD
- CRegional Rural Bank
- DLand Development Bank
Solution & Step-by-step Explanation
Land Development Banks (LDBs), also known as Cooperative Agriculture and Rural Development Banks, provide long-term credit to farmers for developmental purposes such as buying machinery, tractors, or land reclamation. NABARD functions as an apex refinancing body rather than a direct long-term commercial lender to individual farmers.