d) What are the different sources of capital for farmers in India?
Answers
Medium and large farmers obtain capital for farming from their own savings or take loan from the bank. Small farmers on other hand do not have sufficient funds. They borrow from large farmers on the village money lenders or the traders who supply various inputs for cultivation
Answer:
Medium and large farmers obtain capital for farming from their own savings or take loan from the bank. Small farmers on other hand do not have sufficient funds. They borrow from large farmers on the village money lenders or the traders who supply various inputs for cultivation. The interest on such loans is very high.
Land Development Banks. These banks provide a considerable sum of money as a credit to farmers by using their land as collateral.
Co-operative Credit Societies.
Regional Rural Banks.
Commercial Banks.
Government.