In India, about 80 percent of farmers are small farmers, who need cultivation.
A. Why might banks be unwilling to lend to small farmers?
B. What are the other sources from which the small farmers can borrow?
C. Explain with an example of how the terms of credit can be unfavorable for the small farmer.
D. Suggest some ways by which small farmers can get cheap credit.
Answer:A
In India, about 80 percent of farmers are small farmers, who need cultivation.
A. Why might banks be unwilling to lend to small farmers? B. What are the other sources from which the small farmers can borrow? C. Explain with an example of how the terms of credit can be unfavorable for the small farmer. D. Suggest some ways by which small farmers can get cheap credit.