Landlords & others

[abhishreshthaa]

 Landlords & others:


Farmers, predominantly small farmers & tenants, depend upon landlords and others to meet their financial requirements. This source of finance has all the defects associated with moneylenders, traders and commission agents.


Interests rates are exorbitant. Often the small farmers are cheated and their lands are appropriated.


What is worse, this source of finance is becoming more important—from 3.3 percent in 1951-52 to 14.5 percent in 1961-62 but declined to 8.8 percent in 1981.

 

[jitendra05]

 Landlords & others:


Farmers, predominantly small farmers & tenants, depend upon landlords and others to meet their financial requirements. This source of finance has all the defects associated with moneylenders, traders and commission agents.


Interests rates are exorbitant. Often the small farmers are cheated and their lands are appropriated.


What is worse, this source of finance is becoming more important—from 3.3 percent in 1951-52 to 14.5 percent in 1961-62 but declined to 8.8 percent in 1981.

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