Question

list any three sources of capital for farmers in village palampur​

Answer 1

Answer:

Farmers need capital in order to cultivate their fields. In villages, most of the farmers borrow money from money lenders or large farmers at high rates of interest. Sometimes, the interest may be as high as 24%.

The medium and large farmers have their own savings earned through farming.

In order to protect the interests of small farmers from moneylenders, many rural co-operative credit societies have been formed who advance loans to farmers at low rates of interests