Economy, asked by aslu4380, 1 year ago

Why are banks unwilling to lend loan to small farmers 0 1 marks?

Answers

Answered by mahakkumari98
17
the banks are unwilling to lend loan to small farmer because the farmer are poor and 5hey don't have collateral or property ....as gerennty so, banks didn give him loan.
therefore, farmer have to lend loan from informal sector.
Answered by Answer00
3

Here is your answer----

Small farmers are poor, so they don't have any property or belongings as collateral.

This is why Banks don't give loans to small farmers.

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