Question

write a shortnote on source of credit for rural households in India​

Answer 1

Answer:

Money lenders are the main informal source of credit for rural household in India. Because in rural areas people can't access to banks and other financial institutions.

Explanation:

• Two major sources of credit for rural households in India are moneylenders and cooperative banks.
• The moneylenders are the most dominant source of credit in rural household.
• Source # 1. Co-Operative Credit Societies:
• Source # 2. Land Development Banks:
• Source # 3. Commercial Banks:
• Source # 4. Regional Rural Banks:
• Source # 5. The Government:

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