what leads to debt among indian villagers
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Answered by
1
HEY THERE!
When they don't have enough money to buy assets such as land, shelter etc
They take loans from banks to fulfill their needs,
When banks ask to pay their loans with high interest, They wont be having enough money to do it so,
So, They start selling almost all their assets such as property etc to pay their loans, Soon they will start leading to debts.
Thanks!
-TeamBrainly
(BrainlyManager)
When they don't have enough money to buy assets such as land, shelter etc
They take loans from banks to fulfill their needs,
When banks ask to pay their loans with high interest, They wont be having enough money to do it so,
So, They start selling almost all their assets such as property etc to pay their loans, Soon they will start leading to debts.
Thanks!
-TeamBrainly
(BrainlyManager)
Answered by
0
because they dosent have much leap or money to pay to government
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