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Q.

The farmers are dependent on the ____ for loans.

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Detailed Solution

The farmers are dependent on the traders for loans. Small and marginalised farmers often lack enough money or income for cultivation. They depend on traders and lenders to borrow money from them to buy required items such as seeds, fertilisers and pesticides. This is because of the unawareness and illiteracy which prevails among the farmers. They are unaware of the use of banks and different government policies which lend loans at lower interest rates. This leads them to the traders who lend money to the farmers quickly but often at rates higher than necessary.

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The farmers are dependent on the ____ for loans.