Question

besides banks, mention the other major sources of cheap credit in rural areas​

Answer 1

Answer:

i)landlords

ii) higher farmers

iii) business men

iv)even some middle class men

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Answer 2

Answer:

They are the cooperative societies (cooperatives). Members of a cooperative pool their resources for cooperation in certain areas. EgFarmers cooperatives, weavers cooperatives. Krishak cooperative has 2300 farmers as members. It accepts deposits from its members and uses them as collateral to take a large loan from the bank. These funds are used to provide loans to the members. The Cooperative provides loans to its members for the purchase of agricultural implements, loans for cultivation and agricultural trade, fishery loans, loans for construction of houses and for a variety of other expenses.

Explanation: