Question

most of the credit needs of the poor house holds
are met through in formal sources The dependence of
richer house nolds on informal credit is less Do
you agree​

Answer 1

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• More than 2/3rd of farmers do not have access to bank loan facilities.

• The rich house holds are getting 90% of their credit from formal sources and 10% from informal sources.

• The poor households are getting 15% of their credit from formal and 85% from the informal sources.

• Yes, I agree that the dependence of richer households on informal credits is less.

• Where as the dependence of poor house holds on informal credit is more.

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Answer 2

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More than 2/3rd of farmers do not have access to bank loan facilities.

The rich house holds are getting 90% of their credit from formal sources and 10% from informal sources.

The poor households are getting 15% of their credit from formal and 85% from the informal sources.

Yes, I agree that the dependence of richer households on informal credits is less.

Where as the dependence of poor house holds on informal credit is more.