Economy, asked by Girlfrnd9993, 1 year ago

Why do you think the share of formal sector credit s higher in richer housholds than poorer

Answers

Answered by aadya8051

Answer:

Banks and cooperatives are the main formal sources of credit. The share of formal sector credit is higher for the richer households compared to the poorer households because: ... Rural poor are not aware of the banking system because of the lack of education and awareness.

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