Social Sciences, asked by dekamanik587, 2 months ago

why do small farmers borrow money in palampur

Answers

Answered by Anonymous

3

Due to heavy competition of work, villagers get ready to work for low wages. Most small farmers have to borrow money to arrange for the capital. They borrow from large farmers or the village moneylenders or the traders who supply various inputs for cultivation. The rate of interest on such loans is very high.

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