Question

Discuss any four reasons for the banks to increase their lending facilities ?​

Answer 1

Answer:

Necessity for the banks and cooperative societies to increase their lending facilities in rural areas :

(i) Dependence on informal sources of credit reduces.

(ii) To provide more loan facilities to rural households.

(iii) To save rural people from exploitation.

(iv) It is important that the formal credit is distributed more equally so that the poor can benefit from the cheaper loans.

(v) The bank and the cooperative societies have to increase the lending facilities to improve the livelihood of the people in the rural areas.

Explanation:

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Answer 2

Necessity for the banks and cooperative societies to increase their lending facilities in rural areas :

 

(i) Dependence on informal sources of credit reduces. 

(ii) To provide more loan facilities to rural households. 

(iii) To save rural people from exploitation. 

(iv) It is important that the formal credit is distributed more equally so that the poor can benefit from the cheaper loans.

(v) The bank and the cooperative societies have to increase the lending facilities to improve the livelihood of the people in the rural areas.