Question

How does lack of availability of institutional credit impact the level of poverty in India?​

Answer 1

Answer:

The availability of institutional credit has impact on the below poverty level in India. Poverty is one of the major issues of India.

Though India is considered one of the fastest growing economies of the world, its growth rate was 7.11% in the year of 2015.

The institutional credit plays a significant role in development of agriculture in India.

The persistence of the money lenders in rural market is a major issue of concern.

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