how do the money lenders cheat the middle farmers and the landless labourers
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aiswarya23:
i am aiswarya...studying in class 10
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1) MONEY LENDERS ALWAYS USED TO PUT HIGH RATES OF INTEREST MORE THAN FORMAL SOURCES OF CREDIT (banks) ON THE LOANS BEING BORROWED FROM THEM
2) ALSO THEY USED TO INCREASE THE RATES OF INTEREST AS THEY WISH AND WHENEVER THEY WANT TO
3) ALSO IF THE BORROWER IS NOT ABLE TO PAY THE LOAN BACK THEN THE MONEY LENDERS MAY GET THE BORROWERS PROPERTY IN RETURN THUS THIS OFTEN LEADS TO BANCRUPT OF THE BORROWERS
BY THIS WAY MONEY LENDERS TRY TO CHEAT MIDDLE FARMERS AND LANDLESS LABOURERS
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