Question

in rural areas the main demand for credit is for crop production explain​

Answer 1

Explanation:

(i) In rural areas, the main demand for credit is for crop production.

(ii) crop production involves considerable costs on seeds fertilisers, pesticides,water electricity, repair of equipment, etc.

(iii) Farmers usually takes crop loans at the beginning of the season and repay the loan after harvest.

(iv) Rural people also take loans for starting small business and for the marriage of their daughters.

Answer 2

Answer:

(i) In rural areas, the main demand for credit is for crop production. (ii) crop production involves considerable costs on seeds fertilisers, pesticides,water electricity, repair of equipment, etc. (iii) Farmers usually takes crop loans at the beginning of the season and repay the loan after harvest.

Explanation:

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