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