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Q.

In rural areas, farmers mostly take credit for


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a

Health

b

Education

c

Crop production

d

Fodder  

answer is C.

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Detailed Solution

In rural areas, farmers mostly take credit for crop production.
When a borrower requests money, products, or services from a lender in exchange for the promise of future payment, this arrangement is referred to as a credit agreement. The primary use of loans in rural regions is to produce crops. The cost of seeds, fertiliser, insecticides, water, power and other inputs into agricultural production is high. Farmers often take out crop loans at the start of the growing season and pay them back when the produce is harvested. Rural residents also borrow money to launch side businesses and marry off their daughters.
 
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