what are the various ways through which farmers can get loans
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Answered by
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Farmers can get loan through bank and cooperatives
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aloha user!
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farmers can take loans through various ways.
✯ they can take loans fem zamindars which come in informal sources of credit.
they charge huge amount of interest and exploit the farmers.
✯ the farmers can take loans from banks which come in formal sources of credit.
they charge less amount of interest than zamindars.
✯ the farmer can make a SHG or self help group from where he can get loans easily without collateral.
✯ moreover, a farmer can take loan from other informal sources such as friends, relatives et cetera.
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hope it helps :^)
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farmers can take loans through various ways.
✯ they can take loans fem zamindars which come in informal sources of credit.
they charge huge amount of interest and exploit the farmers.
✯ the farmers can take loans from banks which come in formal sources of credit.
they charge less amount of interest than zamindars.
✯ the farmer can make a SHG or self help group from where he can get loans easily without collateral.
✯ moreover, a farmer can take loan from other informal sources such as friends, relatives et cetera.
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hope it helps :^)
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