Question

why do most of the rural households still remain dependent on the informal​

Answer 1

Answer.

(i) Limited availability of Banks in rural areas. ... (iii) Absence of collateral is one of the major reasons which prevents the poor from getting bank loans. (iv) Rural people get easy loans from the richer households through informal ways.

Answer 2

Answer:

1. Limited availability of banks in rural areas.

2. people in the rural areas face problem with regard to documentation.

3. Rural people get easy loans from the richer households through informal.

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