NCERT Important Questions for Class 10 Social Science Economics Chapter 3
Social Science Class 10 Economics
Money and Credit 3
Important Questions
Long Questions
How do farmers gets into debts trap?
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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.
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