Advertisements
Advertisements
Question
How can more employment be created in agriculture sector alone ? Explain any three ways.
Solution
i) The government can spend some money or banks can provide a loan, to construct a well for family to irrigate the land. Person will then be able to irrigate person land and take a second crop, wheat, during the rabi season.
ii) suppose a new dam is constructed and canals are dug to irrigate many such farms. This could lead to a lot of employment generation within the agricultural sector itself reducing the problem of underemployment.
iii) For this they may be required to transport their products to a nearby town. If the government invests some money in transportation and storage of crops, or makes better rural roads so that mini-trucks reach everywhere several farmers.
iv) This activity can provide productive employment to not just farmers but also others such as those in services like transport or trade.
v) To cultivate the land, she also needs seeds, fertilisers, agricultural equipment and pumpsets to draw water. Being a poor farmer, person cannot afford many of these. So, she will have to borrow money from moneylenders and pay a high rate of interest. If the local bank gives person credit at a reasonable rate of interest, she will be able to buy all these in time and cultivate person land.
APPEARS IN
RELATED QUESTIONS
Why is the supervision of the functioning of formal sources of loans necessary?
"Deposits with the banks are beneficial to the depositors as well as to the nation." Explain the statement
How can the formal sector loans be made beneficial for poor farmers and workers? Suggest any five measures.
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Why might banks be unwilling to lend to small farmers?
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Why might banks be unwilling to lend to small farmers?
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Suggest some ways by which small farmers can get cheap credit.
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
What are the other sources from which the small farmers can borrow?
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Explain with an example of how the terms of credit can be unfavourable for the small farmer.
Answer the following question.
Explain the importance of 'collateral'.