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Question
Why do farmers borrow?
Why do farmers borrow?
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Solution
Borrowings of a farmer can be for the following purposes (i) Productive Borrowings - These borrowings include loans to buy seeds, fertilisers and agricultural equipment and implements.
(ii) Unproductive Borrowings - These borrowings include loans for social purposes such as marriage and festive occasions, or to meet expenditure on illness, death, etc.
Borrowings of a farmer can be for the following purposes (i) Productive Borrowings - These borrowings include loans to buy seeds, fertilisers and agricultural equipment and implements.
(ii) Unproductive Borrowings - These borrowings include loans for social purposes such as marriage and festive occasions, or to meet expenditure on illness, death, etc.
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