Question

COMPARE THE TERMS OF CREDIT FOR THE SMALL FARMER THE MEDIUM FARMER AND THE LANDLESS AGRICULTURAL WORKER IN SONPUR ?

Answer 1

a)terms of credit for small farmer

.high rate of interest

. promise to sell crops to trader at low prices as repayment of loans

b)term of credit for medium farmer

.they can take loans from banks or from co-operatives who charge very low rate of interest

.loan can be paid back every three years

c)landless agricultural workers in sonpur

.borrower has no means to repay the loan in cash.so he,pledges to repay loans by working for the landowner.

.rate of interest is high

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Answer 2

Answer:

(a) Terms of credit for small farmer

• High rate of interest.

• Promise to sell crops to traders at low prices as repayment of loan.

(b) Terms of credit for medium farmer.

• They can take loans from banks or from co-operatives who charge very low rate of interest.

• Loan can be paid back in the next three years.

(c) Landless agricultural workers in Sonpur

• Borrower has no means to repay the loan in cash. So, he pledges to repay loans by working for the landowner

• Rate of interest is high.

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