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प्रश्न
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Suggest some ways by which small farmers can get cheap credit.
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उत्तर
Self-help groups and banks can provide cheap loans to small farmers. Because the loan obtained from them has a lower interest rate than other sources, and may be readily repaid in three or four years.
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संबंधित प्रश्न
Why is the supervision of the functioning of formal sources of loans necessary?
What is the basic idea behind the SHGs for the poor? Explain in your own words.
What are the reasons why the banks might not be willing to lend to certain borrowers?
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Why might banks be unwilling to lend to small farmers?
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
What are the other sources from which the small farmers can borrow?
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Explain with an example of how the terms of credit can be unfavourable for the small farmer.
Formal sources of credit does not include ______.
In a SHG most of the decisions regarding savings and loan activities are taken by ______.
Answer the following question.
Explain the importance of 'collateral'.
