how farmers of palampur manage their earnings? describe their expenditure and savings?
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(i) In contrast, the 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.
(ii) The rate of interest on such loans is very high.
LAND is the most important factor of production. There are 450 families in the village PALAMPUR and 75% of the population is dependent on farming. ... The other remaining families own the majority of land, 240 cultivate small plots of land. Cultivation of such plots doesn't bring adequate income to the farmers family.
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