How do small farmers arrange for capital required for farming? for three marks
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Most small farmers have to borrow money to arrange for the capital. They borrow from large farmers or the village moneylenders or the traders who supply various inputs for cultivation. The rate of interest on such loans is very high. They are put to great distress to repay the loan.
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Explanation:
i) Most small farmers have to borrow money to arrange for the capital. They borrow from large farmers or the village money lenders or the traders who supply various inputs for cultivation.
ii) The rate of interest on such loan is very high. They are thus, able to arrange for the capital.
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