Economy, asked by dipti1995, 1 month ago

Explain about rural credit

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Answered by miraculousgirl2007

1

Answer:

Thus, any loan taken for agricultural purposes or small home businesses across the rural areas in India is known as a rural credit. ... These banks provide a considerable sum of money as a credit to farmers by using their land as collateral. This low-interest loan has a repayment tenure ranging between 15 and 20 years.

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