Question

Why were small/marginal farmers and landless labourers in the debt trap of mahajans and moneylenders at the time of independence?

Solution

Because mahajans and moneylenders used to lend to the small/marginal farmers and landless labourers on high interest rate and manipulated the accounts.

Some More Questions From Rural Development Chapter

Define agro-processing industries.

What are the alternative channels available for agricultural marketing ? Give some examples.

What are two types of purposes for which Indian farmers require credit?

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Rural Development

Why were small/marginal farmers and landless labourers in the debt trap of mahajans and moneylenders at the time of independence?

Some More Questions From Rural Development Chapter

Define agro-processing industries.

What are the alternative channels available for agricultural marketing ? Give some examples.

What are two types of purposes for which Indian farmers require credit?

Name the two categories of agricultural finance (credit) in India?

Who occupies the prime place in non-constitutional agricultural finance in India?

Name the policy instruments as measures initiated by the Government to improve the agricultural marketing system.

Define rural development?

Name the main sources of institutional agricultural finance in India.

Give two main weaknesses of institutional agricultural finance in India.

What do you mean by crop-loans?

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