10th Class Social Science Money and Credit Question Bank 10th CBSE Social Science Money and Credit

  • question_answer   How do farmers get into debt trap?  

    Answer:

                      (i) Farmers usually take crop loans at the beginning of the season and repay the loan after harvest. (ii) Sometimes, the failure of the crop makes loan repayment impossible. (iii) So, the farmers have to sell a part of their land to repay the loan. Credit in such a condition pushes the borrowers into a situation from which recovery is painful and they get into the debt trap.  


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