Question

prove with an argument that there is a need to expand formal sources of credit in rural India by 5 points​

Answer 1

Answer:

1. Save people from the clutches of moneylenders , traders or landlords.

2.RBI ensures loan to small borrower also.

3. this brings social equality by giving loan to all people without any discrimination.

4. It provides cheap loan

5. it provides high profit.

Answer 2

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• ᴛʜᴇʀᴇ ɪs ᴀ ɢʀᴇᴀᴛ ɴᴇᴇᴅ ᴛᴏ ᴇxᴘᴀɴᴅ ғᴏʀᴍᴀʟ sᴏᴜʀᴄᴇs ᴏғ ᴄʀᴇᴅɪᴛ ɪɴ ʀᴜʀᴀʟ ɪɴᴅɪᴀ ʙᴇᴄᴀᴜsᴇᴛʜᴇʀᴇ ɪs ɴᴏ ᴏʀɢᴀɴɪᴢᴀᴛɪᴏɴ ᴡʜɪᴄʜ sᴜᴘᴇʀᴠɪsᴇs ᴛʜᴇ ᴄʀᴇᴅɪᴛ ᴀᴄᴛɪᴠɪᴛɪᴇs ᴏғ ʟᴇɴᴅᴇʀs ɪɴ ᴛʜᴇ ɪɴғᴏʀᴍᴀʟ sᴇᴄᴛᴏʀ.
• ᴛʜᴇʏ ʟᴇɴᴅ ᴀᴛ ᴡʜᴀᴛᴇᴠᴇʀ ɪɴᴛᴇʀᴇsᴛ ʀᴀᴛᴇ ᴛʜᴇʏ ᴡᴀɴᴛ ᴀɴᴅ ᴜsᴇ ᴜɴғᴀɪʀ ᴍᴇᴀɴs ᴏғ ɢᴇᴛᴛɪɴɢ ᴛʜᴇɪʀ ᴍᴏɴᴇʏ ʙᴀᴄᴋ