wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

How can a loan taken by a farmer lead him to losing his land?

Open in App
Solution

Small farmers often take loan from rich landlords, moneylenders, traders or shopkeepers to buy seeds, fertilisers and pesticides. Sometimes, due to bad monsoons or pest attacks, their crop does not turn out good. This forces them to borrow even more money. They have to repay the loan by mortgaging and selling their land, thus, loosing it.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Podu Cultivation
GEOGRAPHY
Watch in App
Join BYJU'S Learning Program
CrossIcon