Question

Why do farmers required credit?

Answer 1

Answer:

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Explanation:

Farmers need credit in order to meet their personal and most importantly to carry out farming. Credit is granted by government and financial institution and individual loan sharks. Farmers need credit for the below mentioned reason:

• Even today more than 60% of agricultural land in India depends on rain for water requirements. However due to climatic changes, rains has become irregular and uncertain. Hence in order to improve irrigation facility, farmers take credit.  
• In order to increase the yield, farmer need modern equipment and tools backup with quality fertizilers , pesticides , insecticides etc. For all these credit is essential.

Answer 2

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Farmers need credit in order to meet their personal and most importantly to carry out farming. Credit is granted by government and financial institution and individual loan sharks. Farmers need credit for the below mentioned reason:

• Even today more than 60% of agricultural land in India depends on rain for water requirements. However due to climatic changes, rains has become irregular and uncertain. Hence in order to improve irrigation facility, farmers take credit.
• In order to increase the yield, farmer need modern equipment and tools backup with quality fertizilers , pesticides , insecticides etc. For all these credit is essential.