Describe the source of credit for rural household in india
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The sources of credit for rural household in our country is Informal sources of credit.This is because -
*Poor have no property to use them as collateral.
*Banks need more paperwork and proper documentation.
*Banks provide loans for only productive work but informal sources provide loans for productive as well as non productive works.
*Poor have no property to use them as collateral.
*Banks need more paperwork and proper documentation.
*Banks provide loans for only productive work but informal sources provide loans for productive as well as non productive works.
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