what are the various ways through which farmers can get loans write their advantages
Answers
Answered by
4
they can get loans by banks and adv . is that they get sufficient time to give the money back on low intrest
Answered by
5
They can get credits fem zamindars which come under the category informal sources of credit.
The farmers can obtain loans from banks which come formal sources of credit.
The farmer can create an SHG or self-help group from where he can acquire loans very smoothly without providing any sort of security.
All these sources help farmers to obtain the loan however it's not beneficial for the farmers to obtain load from zamindar because of high-interest rates but many times small farmers could not obtain credit from banks because of incomplete documents.
So all these sources help on or another way to meet the requirement of farmers.
Similar questions