Why should credit at reasonable rates from banks and cooperatives be available for all?
Answers
form 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. ... 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.
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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