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Kannaki
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Asked: 2021-01-15T10:09:48+00:00 In:

How do farmers gets into debts trap?

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NCERT Important Questions for Class 10 Social Science Economics Chapter 3
Social Science Class 10 Economics
Money and Credit 3
Important Questions
Long Questions

2020-2021cbsechapter 3class 10economicsmoney and creditncertsocial science
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      1. Failure of the crop makes loan repayment impossible.
      2. Downfall of crop prices also makes loan repayment impossible.
      3. Higher interest makes life difficult. Credit in such a condition pushes the borrowers into a situation from which recovery is painful and they get into the debt trap.
       

      For more answers visit to website:
      https://www.tiwariacademy.com/ncert-solutions/class-10/social-science/
       

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