Explain this line --------- "agricultural loan default rates are also high with high incidence of overdue installment by the farmer."
Dear Student,
Here, Agricultural Loan default rates are high means that the borrowers of Agricultural loan that is the farmers who have taken agricultural loan are making default in repayments at high rate that is alot of farmers who have taken agricultural loan are making default in their repayments. And with high incidence of overdue instalment by the farmers means that the farmers who are making the default in repayments of agricultural loan are making default on alot of instalments that had been due. So, this line means that farmers who have taken agricultural loan are not repaying the amount back on maturity and are making default on a lot of instalments.
Regards
Here, Agricultural Loan default rates are high means that the borrowers of Agricultural loan that is the farmers who have taken agricultural loan are making default in repayments at high rate that is alot of farmers who have taken agricultural loan are making default in their repayments. And with high incidence of overdue instalment by the farmers means that the farmers who are making the default in repayments of agricultural loan are making default on alot of instalments that had been due. So, this line means that farmers who have taken agricultural loan are not repaying the amount back on maturity and are making default on a lot of instalments.
Regards