Social Sciences, asked by anvireddy, 1 year ago

why do you think banks are reluctant to give loans to the fishermen ?

Answers

Answered by aparna74004
20
A small business owner in a backbreaking industry, commercial fisherman Brett Cunningham has helped turn a dying fishery around. What’s more, his California coastal town is becoming known nationally for its thriving sustainable fishing industry.
Answered by Desh
27
Banks give loans to such people who will be able to return it within a specific time. During the off season, fishermen aren't able to catch enough fish due to which they won't be able to repay the loan. Hence banks are reluctant to give loans not only to fishermen but other poor people also as they may not be able to repay the loan.
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