Question

How do banks and money leaders give loans to farmers? Do you think borrowing from money lendorsvis profitable? What are the alternative sources ?

Answer 1

Answer:

Bank is connected with reserse Bank of india which controls banks transections. Banks provide loans from the deposites of people. No it is not profitable from borrowing from money landers instead of bank as money landers charges more interest in loans as compared to bank. Alternative sources of taking loans are from different family member & from different loans providing agencies