What are the prerequisite for the credit system in india to be successful for poor?(5marks)
Answers
Answered by
4
The prerequisite for the credit system in India to be successful for poor are
- To discourage the system of money lender it was intended to form Co-operative credit societies
- Formation of land development banks which would allow farmers to get loans at lower interest rates
- Making sure that commercial banks support the poor or farmers when they were first only supporting urban and industrial sector
- Government has also initiated employment programmes to strengthen man power
learn more about credits for poor from the link below
https://brainly.in/question/1296260
Similar questions