Question

How can the formal sector loan be benifitial for the poor farmers and workers suggests 5 measures

Answer 1

1. The formal sector lend more to poor people and worker.

the formal sector loan be benifitial for the poor farmers and workers because:-

2.It  provide cheap and affordable credit.

3. It ensure that every one receives loans.

4. It provide guidance and help  

5. There are more formal institutes

Answer 2

Heya....

Formal sector loans are beneficial because...

* These loans are provided at low intrest rates...

* These loans are given by security ...

* No intermidiater hacked the direct profit ..

* These loans are not from the motive of exploitation..

* It enhances the investment in farming...