Why is it necessary for banks and cooperatives to increase their lending particular
in rural areas?
a. To increase their profits
b. Rural areas are a good option for lending
c. To reduce the dependence on informal sources of credit
d. Rural areas require more loan
Answers
Answered by
1
Answer:
➨ It is necessary for the banks and cooperative society to increase their lending facilities in rural areas because the money lender who lend money are charging a large amount of interest on the loan and it was very difficult for the rural people to pay the interest.
Answered by
0
Answer:
Option ( A )
Explanation:
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