Explain why bank is not willing to give loans to small farmers like Roshini suggest any two measures by which bank will give loans to the Roshini
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Banks are not ready to provide to loans to small scale farmers because the banks tend to give loans on very high interest rates and this usually causes the farmers to land up in a debt trap. Also because of no education these farmers are not able to provide proper documentation and security (collateral) to the banks.
However, the banks can :
1) open up priority sectors like NABARD
2) Bring down the interest rates
to help the farmers and thus extend credits to the rural regions o the country as well.
However, the banks can :
1) open up priority sectors like NABARD
2) Bring down the interest rates
to help the farmers and thus extend credits to the rural regions o the country as well.
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