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Question
Which of the following are the reasons why farmers fall into debt trap.
Which of the following are the reasons why farmers fall into debt trap.
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Solution
The correct options are
A Small farmers do not get loans from banks
B Farmers are forced to sell their produce at lower than market price.
C Dependence on money lenders.
The small farmers often borrow money from money lenders. In return they are often forced to sell their produce to the money lenders at a price which is less than market price. Moreover small farmers find it difficult to avail bank loans. These reasons cause the farmers to fall into debt trap.
A Small farmers do not get loans from banks
B Farmers are forced to sell their produce at lower than market price.
C Dependence on money lenders.
The small farmers often borrow money from money lenders. In return they are often forced to sell their produce to the money lenders at a price which is less than market price. Moreover small farmers find it difficult to avail bank loans. These reasons cause the farmers to fall into debt trap.
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