Write about debt problem of farmers in India.
The Indian farmers are always in debt. The most farmers are permanent debtors. Almost all the time they have a sum of debt. Once the farmer falls into debt due to crop failure or low prices of crops or mal-practices of moneylenders; he can never come out of it. In fact, a large part of the liabilities of farmers is ‘ancestral debt’. Thus along with his landed property, he passes on his debt to his successors. There are main causes of farmers’ indebtedness: Low earning power of the borrower Use of loan for unproductive purposes The excessively high rate of interest charged by the moneylenders The manipulation of accounts by the lenders. Drought or heavy rain; Improper rates of farmers’ crops etc.
