Question

Apart from banks which are
the other source of cheap credit

Answer 1

Apart from the conventional banking, that we know of, other sources of cheap credit are as follows :

1. Co-operative societies

2. Self help groups

3. Grameen Banks

Answer 2

Explanation:

Apart from banks, the other sources of cheap credit are -- 1)Self-help groups. 2) Cooperative Societies. 3) Grameen banks.

These are non financial sources from where one can lend money at very low interest rates. These are extremely helpful for the common people who cannot pay huge interest to the banks when taking money. Hence these small groups and bodies were formed who help people with money at times of need.