Social Sciences, asked by naveenronaldo3, 1 year ago

why is the main source of credit for Poor household

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Answered by saikrishnadampcfe8q

RURAL CREDIT - NON INSTITUTIONAL AND - INSTITUTIONAL SOURCES The credit requirements of Indian farmer are met by many agencies. They constitute money lenders, trades, commission agents, land lords, relatives, government, commercial banks, cooperatives etc.

Answered by anshika1500

Informal credit is a main source of credit for poor household i.e, they don't take loans from bank bcz of the following reasons:

♢ If they take loan from bank so bank need collatoral but they don't have...

♢bcz of lot of documentation..

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