In farming enterprise, short term loans are used to
- purchase farm machinery
- construct new farm buildings
- construct an irrigation dam
-
purchase agrochemicals
The correct answer is: D
Explanation
A short-term loan is a type of loan that is obtained to support a temporary personal or business capital need. As it is a type of credit, it involves repaying the principle amount with interest by a given due date, which is usually within a year of getting the loan