how can the formal sector loans be made beneficial for Poor farmers and workers suggest any three measures
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In the formal loan providers banks and cooperates are included.
poor people and farmers seek loans from the informal sectors, which exploit them and charge high interest rate.
Thus by taking loans form formal institutes the benefits are:
1. The formal sector lend more to poor people and worker.
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
hope this will help you.
poor people and farmers seek loans from the informal sectors, which exploit them and charge high interest rate.
Thus by taking loans form formal institutes the benefits are:
1. The formal sector lend more to poor people and worker.
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
hope this will help you.
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