3. Why do you think that the share of formal sector credit in India is higher for the richer households compared to the poorer households?
Answers
Answered by
3
Hope it helps...!!!!
__________________
The share of the formal sector credit is higher for the richer households because the richer households are in a better position to provide collateral and other necessary documents which are required by the banks and co-operatives. Richer households have means to exert pressure on banks and co-operatives to sanction loans. Richer households have greater capacity to repay the loans compared to the poor households.
_____________________
#Be Brainly✌️
__________________
The share of the formal sector credit is higher for the richer households because the richer households are in a better position to provide collateral and other necessary documents which are required by the banks and co-operatives. Richer households have means to exert pressure on banks and co-operatives to sanction loans. Richer households have greater capacity to repay the loans compared to the poor households.
_____________________
#Be Brainly✌️
Answered by
2
Heyaaa...
Firstly,thnks for giving me a chance to answer ur question...
Priya.....Lovely....
Firstly,thnks for giving me a chance to answer ur question...
Priya.....Lovely....
Attachments:
Similar questions