Question

What's was the main reasons for credit not available to the rural poor

Answer 1

Answer:

The two main reasons for formal credit not being available to rural poor are : (i) Absence of collateral and documentation is the main reason which prevents rural poor from getting bank loans. (ii) The arrangements of informal sector loans are flexible in terms of timelines, procedural requirements, interest rates etc.

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Answer 2

Answer:

unemployment and illetracy