explain the problem of agricultural finance
Answers
Answer:
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Explanation:
1. PROBLEMS FACED BY THE FARMERS
On the basis of the study conducted, the farmers, who are covered
under the study, are confronting the following problems:
2. No Loan without Surety/Security
The banks do not disburse any loan to the farmers without surety
and security. The farmers find it very difficult to arrange satisfactory
security as well as surety to the bank.
3.Corrupt Practices of Patwaries, Agents and Bank Officials
It is said that money makes the mare go. The overall system has
been so polluted that the total process comes to a standstill till you grease
the palm of the various persons involved in the sanctioning of the loan.
The farmers need many papers and documents in order to process their
loan. It becomes a herculean task to get landholding and other revenue
records from Patwaries and other officials of the revenue department. The
corrupt practices of patwaries and other officials of the revenue
department hinder the loan process.