Question

Why should credit at reasonable rates be available for all? -CBSE Economics

Answer 1

hey mate ^_^

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i). Inform credit tries to exploit the poor farmers and workers by charging a very high rate of interest on loans and imposing unreasonable terms of credit.

ii). At present rich households avail the benefits of formal credit and poor have to depend on the informal sources due to some weak point like absence of collateral security etc.

iii). Therefore it should be ensured that formal credit should provide credit at reasonable rates to all and especially poor ones to help them fulfill their needs.

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hope it helps : )

Answer 2

Question: Why should credit at reasonable rates be available for all?

Answer: Credit at reasonable rates should be available for all for the following reasons:

Through this reasonable rate and equality, poor people would be able to borrow for their work of cultivation and other things too...

This will make their life easy and far better than ever before...

Suicidal attempts by farmers will decrease

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Hope it helps you! ヅ

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