why formal sector loans need to expand in rural areas
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Heya...
In rural area the formal credit is given by regional banks, and govt institutions and it's extension is important because...
* To facilitate farmers by credit at that time when they r required...
* To promote investment in agricultural sector by easy avaibility of credit...
* To reduce the burden of interest as before like landlords system...
In rural area the formal credit is given by regional banks, and govt institutions and it's extension is important because...
* To facilitate farmers by credit at that time when they r required...
* To promote investment in agricultural sector by easy avaibility of credit...
* To reduce the burden of interest as before like landlords system...
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