Economy, asked by bhavnachavan051180, 1 year ago

small farmers are unable to access rural credit provided by bank due to​

Answers

Answered by romandave425
11

Answer:

Due to following reason

1- The bank gives the loan on the basis of collateral and small farmers lacks collateral.

2- also the bank's are not present everywhere

Answered by Mustela
1

Small farmers are unable to access rural credit provided by the bank due to a lack of awareness and legal formalities.

EXPLANATION-

The farmers are not well aware of the banks and their working procedures. The reach of the bank's workings is not widely recognized in the small areas of the town.

Reasons why farmer can't access to use bank facilities-

Lack of awareness - Due to the lack of awareness about the terms and conditions for availing the benefits to banks leads to the major that farmer can't access it.

•Lack of technology access - Still, small villages are not well equipped with the fundamentals of the basic technology to utilize by the farmers.

Conclusion-

These are the main two reasons why still farmers are not able to avail of the bank's facilities for the betterment of their financial status.

Learn about why the farmer is unable to access the rural credit - https://brainly.in/question/14663079

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