why are the small farmers caught in debt
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HEY MATE!
Sometimes, the failure of the crop makes loan repayment impossible. So, the farmers have to sell a part of their land to repay the loan. Credit in such a condition pushes the borrowers into a situation from which recovery is painful and they get into the debt trap........
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Answered by
8
Answer:
because small are not able to grow much surplus grain . sometime because of weather conditions there crops ruined due to which they have to take lones,the rate of interest on such lones are very high due to which small farmers caught in debt .
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