Question

for what purpose credit is mainly demanded in rural areas ?​

Answer 1

Answer:

(i) In rural areas, the main demand forcredit is for crop production. (ii) crop production involves considerable costs on seeds fertilisers, pesticides,water electricity, repair of equipment, etc. (iii) Farmers usually takes crop loans at the beginning of the season and repay theloan after harvest.

Answer 2

Answer:

Credit is mainly demanded for the purpose of crop production in rural areas so the purpose in rural areas is that for crop production.