Economy, asked by rumakar0020, 8 months ago

What suggetion will you give for the improvement of formal credit system in India

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Answered by Anonymous

Answer:

Skill-based Learning. As of now, the Indian education system is such that everyone is forced to study science and math. If this system can be revamped to identify the strengths of a student, then they can be given appropriate training in the chosen field. This will ensure that the child shines in that particular field.

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Answered by ItzSecretBoy01

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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What suggetion will you give for the improvement of formal credit system in India