Why should the banks and co-operative societies provide more loan facilities to rural household in India. Give any five reasons.
Answers
Answer:
because of the poverty of India
because for providing them best facility of bank
because for their profit also
because everyone needs money to be successful
and because of these bank gives loan
Explanation:
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Answer:
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Explanation:
The banks and cooperative socities more lian facilties to the rural houshold in india
its reason are
1. the formal source of credit is low interest rate to the poor household
2. the poor houshold taking loan of banks is easist way because if people not pay the informal credit so the money lender use muscle power
3. the poor household need loan to agriculture practises and irgiagtion system so they take loan to banks
4. the formal source of credit is not discriminated the rich and poor hope it help