हिंदी

Explain the following statement with a reason. Farmers in India became bankrupt. - Marathi (Second Language) [मराठी (द्वितीय भाषा)]

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प्रश्न

Explain the following statement with a reason.

Farmers in India became bankrupt.

स्पष्ट कीजिए

उत्तर

Farmers took a loan from the moneylender, and the broker acted as the middleman who exploited the farmers. The farmers had to sell their products at a low price to the merchants and the middleman; they had to sell at whatever price was demanded. The farmers had to mortgage their land when they could not pay their loan back to the moneylender. This led to a vicious cycle of taking more loans, which eventually led to bankruptcy.

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