subject social science question Why do banks and cooperatives need to lend more?
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1 Most of the farmers are very poor, they do not have any surplus money. 2 Money lender charge very high rate of interest. This leads to increasing dept and debt traps. 3 Money lender use unfair means to get their money back. 4 Cheap and affordable credit is must for rural development. 5 Cheap credit help in lowering the cost of production.
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