Rural farmers mostly obtain loans from
Agricultural ScienceJAMB UTME 2019
Question
Rural farmers mostly obtain loans from
Options
A)
Government
B)
International Monetary Fund
C)
Merchant Banks
D)
Money Lenders
The correct answer is D.
Explanation:
Loans to agriculture can be financed by different sources of funds such as farmer household savings, capital markets, equity, budget allocations of the government, central bank refinance facilities and international borrowing. Choice D is correct because most rural farmers don't actually have access to merchant banks, IMF, government etc.
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D is correct,agricultural finance can be obtain in many way but the one available for pleasant farmers is through money lenders
Loans to agriculture can be financed by different sources of funds such as farmer household savings, capital markets, equity, budget allocations of the government, central bank refinance facilities and international borrowing. Choice D is correct because most rural farmers don't actually have access to merchant banks, IMF, government etc.