WHY ARE POOR PEOPLE IN RURAL AREA FORCED TO TAKE LOAN FROM THE MONEY LENDERS
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Poor people in rural areas are still dependent on informal credit sources such as the moneylenders who charge an exorbitant rate of interest on the given loans. It is because banks are not present in far-off villages in rural India. Further, taking a loan from a bank is much difficult due to extensive paper work.
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Because in rural areas there are more poverty and because of this people are poor in rural areas so as they don't have enough money so they are forced to take loan from the money lenders.
Everyone has their own opinion about this question but I think this can be the reason
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