write two different conditions in which a farmer is profitable by taking loans and another farmer is not by taking loans..
Answers
Answer:
Agricultural Loans in India
Agriculture is the backbone of Indian economy and it definitely comes as no surprise to see financial institutions offer monetary aid to farmers all across the country. Agricultural loans are available for different kinds of farming-related activities.
Types of Agricultural Loans in India
One can avail a loan for the following activities related to agriculture:
Running day to day operations
Buying farm machinery such as tractors, harvesters, et cetera
Purchasing land
Storage purposes
Product marketing loans
Expansion
Moreover, these financial aids can be offered in form of grants and subsidies too, which are usually meant to protect the farmer in an event of crop damage or loss of crops.
Agricultural loans in India are not only offered to farmers working towards the cultivation of food crops, but they are available to anyone who is engaged in other agriculture-related sectors like horticulture, aquaculture, animal husbandry, silk farming, apiculture and floriculture.
Explanation:
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