English, asked by mahitharamayanam, 4 months ago

how do banks and moneylenders give loans to farmers? do you think borrowing from moneylenders is profitable? what are the alternative sources?

Answers

Answered by Danielmanchicalapudi

2

Answer:

Explanation:

Money lenders generally give loans to farmers on the high interest which becomes impossible for farmers to repay the loan due to certain factors like crop failure or price drop etc. ... The alternate method is to take a loan from a bank because they give loans at low interest and also give tike to farmers and don't take their land...

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