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In rural areas, farmers take credit for

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a

Health

b

Family expenses

c

Crop production

d

None of the above

answer is C.

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Detailed Solution

In rural areas, farmers take credit for Crop production.
In rural areas, Agriculture is the main occupation. For the increase in agricultural production, they need
seeds, fertilisers, and new modern equipment, and to buy these things, they need money. Hence, they
were left only with obtaining a credit option. They take credit from the informal sector. In the
informal sector, moneylenders charge a high interest rate, and farmers are compelled to take credit
for the production of their crops.

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