Question

Banks and cooperative societies need to lend more because –

This would lead to higher incomes of the people.

The people can borrow easily at cheap rates.

The people would no more depend on informal sources of credit.

All of the above.​

Answer 1

Answer:

Most loans from informal lenders carry a very high interest rate and do little to increase the income of the borrowers. Thus, it is necessary that banks and cooperatives increase their lending particularly in the rural areas, so that the dependence on informal sources of credit reduces.

Explanation:

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Answer 2

Answer:

pls follow me ya option 3 is the answer