Why it is difficult for people living in a rural area to take loan from the bank 0?
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Heya.....
People of rural area are not mostly not capable to take loans from banks because...
* In banks there is a requirement to fulfil many formalities but farmers are uneducated so they can't do this...and can't get loans....
* In banks for loans collateral is required for security but poor farmers can't give it so they can't take loans...
People of rural area are not mostly not capable to take loans from banks because...
* In banks there is a requirement to fulfil many formalities but farmers are uneducated so they can't do this...and can't get loans....
* In banks for loans collateral is required for security but poor farmers can't give it so they can't take loans...
OfficialPk:
hai
hello
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