Question

you have read about the ' Debt Trap' and situations under which a farmer forced to take loans. write a brief report on reasons, consequences and suggestion to getting out from Debt trap.​

Answer 1

Answer:

• developing banks in rural areas
• introducing cooperative societies
• mobilsation of people
• low interest rates
• all person should get loans irrespective of their family background
• bank should not perform on th basis of profit it should provide lons to small shopkeepers, smmal loandowners etc...