What Do Bank Loan Companies Look For In Re Lending Defaulter Farmers

What Do Bank Loan Companies Look For In Re Lending Defaulter Farmers

Agriculture Loan: Lakhs of farmers of the country have outstanding loans from cooperative and nationalized banks. Many times, in the event of not being able to repay the loan, the farmers are also declared as defaulters, after which the way to take loan from further gets closed. Obviously, a legal contract is made while taking a loan, but many times farmers forget to pay the loan installments due to crop failure, weather or other reasons. Many a times, banks remind the farmers to call and re-pay the loan, but after…

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