Why do people need credit in rural areasas
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Answered by
1
Answer:
because for survival of long time.and devilop growth and development
Explanation:
expansion in devolpment
Answered by
3
Answer:
There is a need for credit in rural areas for the following reasons:
i. In rural areas, the main demand for credit is for crop production.
ii. Crop production involves considerable costs on seeds fertilisers, pesticides, water, electricity, repair of equipment, etc.
iii. Farmers usually take crop loans at the beginning of the season and repay the loan after harvest.
iv. Rural people also take loans for starting small business and for the marriage of their daughters.
Explanation:
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