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Q.

Crop loan is needed for how many months?


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a

Three to four months

b

Eight to ten months

c

Twelve months

d

Six months 

answer is A.

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Detailed Solution

Crop loans are needed for only three to four months. The farmers need capital for sowing the crops till the harvested season. Various medium and large farmers have sufficient capital obtained from their huge production. But the same cannot be said for small farmers. They harvest on their small plots of land and don’t produce enough to save for future investments. So, they needed a capital amount to purchase agricultural inputs.
 
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