English, asked by khantanvir8434, 1 month ago

2
What did the farmer want to know from the Moneylenders?

Answers

Answered by mamta06

Farmers are forced to borrow from moneylenders due to the following reasons:

1. Banks are not present in all rural areas.

2. Getting a loan from the banks is difficult as banks require proper doccumentation and collateral. Lack of collateral is one of the major reasons why farmers dont get loans

When it comes to moneylenders, loans are give based on personal relationships and without collateral and also they get loans without repaying the older ones. However this keeps them in debt and also moneylenders charge them very high interest rates.

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