CBSE BOARD X, asked by saravoosmritujoyle, 1 year ago

why are most of the poor household deprive from the formal sector of loans?

Answers

Answered by Subhangi11

most of the poor household deprive from the formal sector of loans because
(i)they are unable to give collateral to formal sectors.
(ii) they need loan generally for unproductive purpose but formal sectors give loan for productive purpose.

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