Who provide capital to the small farmers at high rate of interest? what does the statement States? please hurry up guys I want this answer today!!!!
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Answered by
2
RELATIVES,LANDLORDS,MONEYLENDERS,ETC. THAT IS THE INFORMAL SECTOR OF CREDIT...........
IN INFORMAL SECTORÂ
THE RATE OF INTEREST IS HIGH
UNFAIR PRACTICES ARE USED TO GET BACK THE MONEY
AND MOST IMPORTANT THERE IS NO ONE TO SUPERVISE ALL THESE ACTIVITIES.....
AS FARMERS DOESN'T HAVE ANY CO-LATERAL ,
THEREFORE FORMAL SECTOR DOESN'T ACTUALLY PROVIDE LOAN TO THEM
IN INFORMAL SECTORÂ
THE RATE OF INTEREST IS HIGH
UNFAIR PRACTICES ARE USED TO GET BACK THE MONEY
AND MOST IMPORTANT THERE IS NO ONE TO SUPERVISE ALL THESE ACTIVITIES.....
AS FARMERS DOESN'T HAVE ANY CO-LATERAL ,
THEREFORE FORMAL SECTOR DOESN'T ACTUALLY PROVIDE LOAN TO THEM
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Answered by
5
the ans is landholder or zamindar
this statement states that the landholders take high interest from
farmer because they do not have money to buy seed so they have no option othee than taking loan
this statement states that the landholders take high interest from
farmer because they do not have money to buy seed so they have no option othee than taking loan
awesome
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