Question

why should bank and cooperative increase their lending particularly in the rural area​

Answer 1

Answer:

Most of their earnings are used for paying the interest.It is necessary for banks and cooperatives to increase their lending in rural areas because the money lenders in rural areas are charging higher rate of interest and the rural people were unable to bear the interest cost.

______________________________________________________

mark me as brainliest mate

and do thnx my answer :)

Answer 2

Answer:it is necessary for the banks and cooperative societies to increase their lending facilities in rural areas because of the following reasons;

 India is an agricultural country so the people in rural areas deserve a special attention.hence, the banks and cooperative society should help the needy people in rural areasmostly the people in rural areas are illiterate and hence they can be easily cheated by the money lenders.

most loans from informal lenders carry a very high interest rate and do little to increase the income of the borrowers.hence, it is necessary that banks and cooperative increase their lending particularly in rural areas, show that the dependence on informal sources of credit reduces.

i hope this will help you plz mark as brainliest

Explanation: