Question

Steps taken to improve credit facilities in rural area

Answer 1

Following steps have been taken by the government of India to improve the credits facilities in the rural househoulds:

1.Opening branches of banks in rural areas for facilitating loans at low rates of interest.

2.Encouraging the growth of micro-finance in rural areas.

3. Establishing cooperative banks to facilitate the needs of the rural poor.

Answer 2

Explanation:

1. Opening branches of banks in rural areas for facilitating loans at low rates of interest.

2. Encouraging the growth of micro- finance in rural areas.

3. Establishing cooperative banks to facilitate the needs of the rural areas.