Answer:
(a)
Various sources of credit in village Sonpur are
(i) Village moneylender
(ii) Traders
(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
loan.
(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.
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