explain dependence on money lenders
Ziyad,
Dependence on the Money lenders: The peasants and farmers had to depend on the local money lenders (mahajans) to fulfill their needs of finance. These local money lenders used to exploit the farmers in the form of high interest rates. Thus, the farmers were deprived of adequate finance. Steps were required to provide credit and finance facilities to the farmers so as to encourage investment in the agriculture sector.
We would advice you to not to keep on piling your questions, rather, you should keep posting 1 to 2 questions per subject (Accountancy, Economics and Business Studies) on everyday basis. Ideally, you should go through the study material that is available on our website and look for the answers to the questions. This will not only help you to enhance your analytical abilities but also will help you to learn the application of your knowledge. In this manner, you will gain confidence and will help you in evaluating your preparation.
Dependence on the Money lenders: The peasants and farmers had to depend on the local money lenders (mahajans) to fulfill their needs of finance. These local money lenders used to exploit the farmers in the form of high interest rates. Thus, the farmers were deprived of adequate finance. Steps were required to provide credit and finance facilities to the farmers so as to encourage investment in the agriculture sector.
We would advice you to not to keep on piling your questions, rather, you should keep posting 1 to 2 questions per subject (Accountancy, Economics and Business Studies) on everyday basis. Ideally, you should go through the study material that is available on our website and look for the answers to the questions. This will not only help you to enhance your analytical abilities but also will help you to learn the application of your knowledge. In this manner, you will gain confidence and will help you in evaluating your preparation.