FARMERS BORROW MONEY BECAUSE OF SEASONAL UNEMPLOYMENT
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Hey Kanishka,
Many times small farmers like have to borrow money to purchase seeds, fertilizers and pesticides. They borrow money from rich farmers, shopkeepers, traders or moneylenders. Sometimes, either the seeds are not of good quality or pests attack them due to which crops get ruined. Failure of monsoon or untimely rainfall damages crops. In such a situation, farmers are unable to pay back their loans. Farmers also borrow money for marriage or any other social functions in the family. Many a times, they borrow money to purchase food items and to manage other daily expenditures.
hope this helps :)
Many times small farmers like have to borrow money to purchase seeds, fertilizers and pesticides. They borrow money from rich farmers, shopkeepers, traders or moneylenders. Sometimes, either the seeds are not of good quality or pests attack them due to which crops get ruined. Failure of monsoon or untimely rainfall damages crops. In such a situation, farmers are unable to pay back their loans. Farmers also borrow money for marriage or any other social functions in the family. Many a times, they borrow money to purchase food items and to manage other daily expenditures.
hope this helps :)
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