Social Sciences, asked by khatriparth132p, 7 months ago

What are the problems in extending formal sector credit in India?

Answers

Answered by jiyuuuuuuuuu

0

Answer:

We need formal sources of credit in order to reduce the dependence of farmers on informal sources of credit like money lenders.

To reduce the higher risk associated with informal sources of credit because of fluctuating terms and conditions.

To avail cheaper credit to farmers in rural areas.

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