Question

please tell me what is the ans please
8th ​

Answer 1

Answer:

THE SIMPLE ANSWER IS......

To reduce the dependence on informal sources of credit.

Explanation:

Banks and cooperatives should increase lending facilities in rural areas:

1. The informal sector lends at a high-interest rate in rural areas so the cost for the borrower is much more.

2. When the cost of borrowing of more, large portion of income goes in repaying loans rather than investing it.

3. Often it leads to debt trap where the amount to be repaid is more than the borrower's income and he has to borrow more.

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Answer 2

Explanation:

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