Q.Short term lending in theoretical sense is for what period?

Short-term lending, in the theoretical sense, is credit for a period of up to one year — option (a).

Institutional agricultural finance is classified by time period:

• Short-term credit — up to 1 year, for current needs such as seeds, fertilisers, wages and other seasonal expenses.
• Medium-term credit — roughly 1 to 5 years, for cattle, small implements, land improvement. …

NABARD = National Bank for Agriculture and Rural Development.

NABARD — the National Bank for Agriculture and Rural Development — is the apex development bank set up to provide and coordinate institutional credit for agriculture, small-scale industries, cottage and village industries, handicrafts and other rural activities. It refinances rural credit institutions such as coope …