Question

Long answer why should the banks and cooperative societies provide more loan facilities to the rural households in india? give five reasons​

Answer 1

Answer:

$\huge\underbrace\mathfrak\red{Answer}$

• Providing loans with reasonable interest rate, generating greater awareness among people about formal sources so as to reduce their dependence on informal sector. It will also prevent people from getting exploited through borrowings from informal sources. To serve as building blocks for rural households.

Answer 2

Explanation:

The banks and cooperative socities more lian facilties to the rural houshold in india

its reason are

1. the formal source of credit is low interest rate to the poor household

2. the poor houshold taking loan of banks is easist way because if people not pay the informal credit so the money lender use muscle power

3. the poor household need loan to agriculture practises and irgiagtion system so they take loan to banks

4. the formal source of credit is not discriminated the rich and poor hope it help!