Why do u think formal sources of credit are reluctant to give loans to rural poor in india?
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(i) some borrowers cant submit proper documents.
(ii) some persons can't mortgage required colaterals.
(iii) banks feel uncertainty if the person is not reliable.
(iv) sometimes bank take margin money before disbursing loans but the person who can't pay the margin money, can't get loans.
(v) bank does not pay any loan to any defaulter
(ii) some persons can't mortgage required colaterals.
(iii) banks feel uncertainty if the person is not reliable.
(iv) sometimes bank take margin money before disbursing loans but the person who can't pay the margin money, can't get loans.
(v) bank does not pay any loan to any defaulter
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