Distinguish between:Short Term Credit and Medium Term Credit. – InterviewSolution

1.

Distinguish between:Short Term Credit and Medium Term Credit.

Answer»

Short Term Credit	Medium-Term Credit
(i) It refers to a loan not exceeding 2 years.	(i) It refers to a loan not exceeding 2 years.
(ii) It is taken to fulfill short-term requirements like the purchase of fertilizers, buying of HYV seeds, for meeting expenses of religious or social ceremonies, etc.	(ii) It is taken to make improvements on the land, buying cattle, or agricultural equipment, digging of canals, etc.

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