Question

Write an essay about - Problem of Rural Indebtedness in India

Answer 1

There is an extreme poverty in the rural areas of the country. Thus, the rural people are borrowing a heavy amount of loan regularly for meeting their requirements needed for production, consumption and for meeting social commitments. Thus. debt passes from generation to generation.

Although they borrow every year but they are not in a position to repay their loans regularly as because either loans are larger or their agricultural production is not sufficient enough to repay their past debt. Thus, the debt of farmers gradually increases leading to the problem of high degree of rural indebtedness in our country.

Thus, it is quite correct to observe with Darling that “Indian farmer is born in debt, lives in debt and dies in debt”.