Question

What are the credit sources in India and Explain?

Answer 1

1)Co-Operative Credit Societies

The co­operative societies are supposed to be the cheap­est and most important source of rural credit. 

2)Commercial Banks

This are the one which give the cheapest loan to the borrower . and it also are brooming I. urban area at a very high level

3)Regional Rural Banks

Banks establish at rural places for providing loans to the farmers etc

4) SHG's( self help group)

It is a group of people usually belonging to one neighbourhood having same social and economical backgrounds.

5)The Government

The Government has also provided short-term and long-term loans to farmers in times of emergency such as floods or famine


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