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प्रश्न
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?
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उत्तर
Banks are hesitant to give loans to small farmers because they lack collateral, and some are unable to repay the loan on time. Apart from that, some farmers are already in debt, so banks are hesitant to loan them more money.
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संबंधित प्रश्न
"Deposits with the banks are beneficial to the depositors as well as to the nation." Explain the statement
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?
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.
Suggest some ways by which small farmers can get cheap credit.
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.
In a SHG most of the decisions regarding savings and loan activities are taken by ______.
How can more employment be created in agriculture sector alone ? Explain any three ways.
Why do banks or lenders demand collateral against loans?
Answer the following question.
Explain the importance of 'collateral'.
