Suppose this year the rains are poor and the crop yield is only half as much as was originally expected. Some people say that if this happens the farmers should be asked to pay back only half the amount they have taken as loans. However other people say that full amount should be repaid, keeping in view the next year’s crop. In your opinion what should the bank do and why?
Anonymous:
___k off
___k off all moderators
Answers
Answered by
3
Answer:
When the rains are poor and the farmers have taken loans to anticipate the next year's rains it is important to remember that the government too should play an important role in all this.
It is through the help of the government relief fund that the farmers will be able to pay back the banks and harvest the crops. The National Crop Insurance Scheme is something which the farmers can avail too and they give loans according to the harvest,
Explanation:
Similar questions