repayment of the loan or credit is crucial for a farmer explain
Answers
In rural areas, the primary interest for credit is for crop production.
Harvest creation includes significant expenses on seeds, composts, pesticides, water, power, fix of types of gear, and so on.
There is a base stretch of three to four months between when agriculturists purchase these data sources and when they move the product.
Agriculturists as a rule take edit credits toward the start of the season and repay the credit or loan after the harvest.
The repayment part appears to be crucial for a farmer because it is totally dependent upon the intensity of the harvest.
If the farmer bears good harvest he/she may earn more money and can repay his/her credit.
On the other hand, if the harvest is low, then everything goes in vein as it may lead to a situation in which he/she may have to sell his/her land to pay the credit.
For repaying, if he doesn’t possess any land for selling purpose to repay, he commits suicide putting his family into great pain.