Economy, asked by shivin2004, 1 year ago

What are the various ways through farmers get loan?Write their advantages and disadvantage.

Answers

Answered by Anonymous

5

Please find below the solution to the asked query.

They borrow money either from large farmers,or from money lenders or from traders who supply various inputs for cultivation.

Disadvantage-

In all the cases interest rate is very high.They are put to great distress to pay the loan.

Small farmers are exploited .

Advantages-

They are flexible in terms and condition ofrepayment.

Farmers get loans without collateral security.

cheer

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