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Question

The recent incidents farmers suicides in different states of the country are the result of indebtedness. Do you agree with this?

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Solution

Yes, the reasons are as follows
  1. Less income or savings.
  2. Crop failure.
  3. Difficult procedure of financial institutions which has pushed them to borrow from private money lenders at high rates of interest.
  4. Inadequate support price of procurement of crops
  5. Low returns from agriculture.
  6. Lack of implementation of land reforms.

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