Question

What are the various sources of credit in rural areas? Which one of them is the most convenient source of credit and why? give two reasons

Answer 1

credit is used for with money to shopping and paying after some days with money available

Answer 2

Credits are basically short time money loans or money borrowing from a economical organisation for shopping or buying something and repaying the credit amount after some time when the repayment amount is available.

In the rural areas we can easily avail money credits by NetBanking because internet has become easily available for all of us.And we can also avail credit from rural Mahajans.

But the NetBanking is the most convenient source because;

1) Banking is government registered procedure.

2)Banking has no hidden terms and conditions or tricks to recollect more amount of interest from the account holders.