Social Sciences, asked by mickey1385, 1 year ago

Why do you think banks are reluctant to give loans to the fishermen

Answers

Answered by amaira200
1
yes I hope so that bank will give loan bcz bank didn't discriminate their occupation
Answered by sriadithya6o
0

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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