Various sources of credit in village Sonpur are
(i) Village moneylender
(iii) Landowner as moneylender
(iv) Commercial banks
(v) Krishak co-operative society
(b) (i) Terms of credit for small farmer
High rate of interest.
Promise to sell crops to traders at low prices as repayment of
(ii) Terms of credit
for medium farmer.
They can take loans from banks or from co-operatives who charge
very low rate of interest.
Loan can be paid back in the next three .... years.
(iii) Landless agricultural workers in Sonpur
Borrower has no means to repay the loan in cash. So, he pledges
to repay loans by working for the landowner.
Rate of interest is high.
(c) Everyone cannot get credit at a cheap rate.
Only the following people are able to get it
(i) Who have some collateral.
(ii) Who have organised themselves into co-operative society.
(iii) Who can fulfil the banks documentation requirements.
You need to login to perform this action.
You will be redirected in 3 sec