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Question
Often farmers borrow money from __________.
Often farmers borrow money from __________.
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Solution
The correct option is A Moneylenders
Farmers rely on the informal sources of credit as it is the easiest way to borrow funds, even though the rate of interest is high. So they often borrow money from the moneylenders in the form of loans to purchase the basic things for their farms like pesticides, seeds, cattle, fertilizers, etc.
Farmers rely on the informal sources of credit as it is the easiest way to borrow funds, even though the rate of interest is high. So they often borrow money from the moneylenders in the form of loans to purchase the basic things for their farms like pesticides, seeds, cattle, fertilizers, etc.
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