Rural Development — Economics STD 12 Commerce — Question
CBSE BoardEnglish MediumSTD 12 CommerceEconomicsRural Development1 Mark
Question
Why are farmers caught in a debt trap?
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Answer
The Indian farmers borrow year after year and are not in a condition to pay off debts taken at high rate of interest. The debt mounts year after year. This has created a class of landless labourers who are in a debt trap.
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