Why should the banks and cooperatives societies provide more loan facilities to the rural households in India? -SST 10th

Why should the banks and cooperatives societies provide more loan facilities to the rural households in India? -SST 10th
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1 Answer

Answer :

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!
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