cidow86282 cidow86282

01-11-2020
Social Studies

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Sushil is a small farmer. He plans to cultivate wheat in one hectare land. He needs money to buy seeds, fertilizers, pesticides, water and repair his farm instruments. He estimated that working capital itself cost a minimum of 3000 rupees. Sushil plans to borrow money to arrange for the capital.

a) Identify any two sources from which he can get the capital?

b) What are the problems associated in getting the loans?

Respuesta :

hermionegranger59 hermionegranger59

01-11-2020

a. 1. Moneylenders 2. Bank

b. There are many problems that small farmers face while getting loan. Moneylenders give loan at a very high interest rate, that is too much for a small farmer. But, nowadays government banks offer loans to the farmers at a low interest rate or at no interest.

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