“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.”
a) Generally what are the terms on which small farmers are given loans by moneylenders and big farmers?
b) What are the other sources of loan from where a farmer can take loan now days and what are its advantageWhat are the features of traditional method of farming?
Answers
Answer:
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 and these farmers are in great stress to repay the loans taken.
Explanation:
Answer:
Explanation:
a)the terms on which the farmers were given money are
i.they were charged high rates of interest for even a small amount of money and they found it difficult to pay back
II.they were even asked by the big rich farmers to work in their field either for free or for small wages
III.they were tortured in many different ways to repay the money
IV.even if the harvest was not that successful they were forced to repay
V.unable to handle such large debts the farmers would eventually suicide
b)now the different policies benefiting farmers have been revised by the government
I they are given seeds for harvest at a lower price
II.they are provided with bank loans at cheaper interests
III. especially after the green revolution farmers have been supported by the government by providing all the essential elements for agruculture
IV.farmers are not treated in a cruel manner even if they do no repay the loan unlike moneylenders or big farmers in village