Question

What do you mean by rural credit ? explain the various sources of rural credit.​

Answer 1

Explanation:

Almost two-thirds of the depository institutions headquar- tered in rural communities are commercial banks, and they control over 80 percent of the total assets, deposits, and loans held by rural depositories.

Answer 2

A rural credit cooperative or is a cooperative or credit union sanctioned by People's Bank of China to provide credit in the rural areas of the People's Republic of China.

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