state any two formal sources of credit for rural India
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Answer:
Two major sources of credit for rural households in India are moneylenders and cooperative banks. The moneylenders are the most dominant source of credit in rural household..
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Answer: MONEY LENDERS AND BANKS
Explanation: MONEY LENDERS: they charge high rate of intrest on the farmers. They are highly oppressive.
BANKS: they provide loans and various schemes to farmers and charge comparatively lower rate of intrest on the farmers .
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