What is necessary to reduce the dependence on informal sources of credit in rural areas? -SST 10th

What is necessary to reduce the dependence on informal sources of credit in rural areas? -SST 10th
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1 Answer

Answer :

It is necessary that banks and cooperatives increase their lending in the rural areas.
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Related questions

What are the various sources of credit in rural areas? Which one of them is the most dominant source of credit and why ? -SST 10th

Description : What are the various sources of credit in rural areas? Which one of them is the most dominant source of credit and why ? -SST 10th

Last Answer : In rural areas, there are both informal sources like moneylenders, traders, relatives etc. and formal sources of credit like commercial banks and cooperative societies. Informal sources are dominant: ... the previous loan. But usually, moneylenders only exploit the poor with high-interest rates.

What are the various sources of credit in rural areas? -SST 10th

Description : What are the various sources of credit in rural areas? -SST 10th

Last Answer : Various sources of credit in rural areas are : (i) Agricultural traders, (ii) Moneylenders, (iii) Commercial banks, (iv) Cooperative societies and (v) Relatives and friends. The most convenient source ... , livestock etc.) and uses this as a guarantee to the lender until the loan is repaid.

“Most of the poor households still depend on the informal sector for loans, both in rural and urban areas of India”. Support the statement with three examples. -SST 10th

Description : “Most of the poor households still depend on the informal sector for loans, both in rural and urban areas of India”. Support the statement with three examples. -SST 10th

Last Answer : '(i) Banks are not present everywhere in rural India. Even when they are present, getting a loan from a bank is much more difficult than taking a loan from informal sources. ... collateral. The borrowers can, if necessary, approach the moneylenders even without repaying their earlier loans.

What is the main informal source of credit for rural households in India ? -SST 10th

Description : What is the main informal source of credit for rural households in India ? -SST 10th

Last Answer : The main informal source of credit is moneylenders for the rural households in India.

Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Description : Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Last Answer : The rural borrowers depend on the informal sector for credit because : (i) Absense of collateral and documentation with rural borrowers. (ii) Flexible loans in term of timelines, interest rates, procedural ... the group is regular in savings for year or two, it can avail loan from the bank.

What are differences between formal and informal sources of credit? -SST 10th

Description : What are differences between formal and informal sources of credit? -SST 10th

Last Answer : Formal sources: 1.These sources of credit are registered by the government and have to follow its rules and regulations. 2.RBI supervises the functioning of formal sources of credit. 3.They ... main motive is profit-making. Example: Moneylenders, traders, employees, relatives and friends, etc.

Why are poor households still dependent on informal sources of credit? -SST 10th

Description : Why are poor households still dependent on informal sources of credit? -SST 10th

Last Answer : Reasons: . Banks are not present everywhere in rural India. . Even if they are present, getting a loan from a bank is much more difficult than taking a loan from informal sources. ... charge very high rates of interest, keep no records of the transactions and harass the poor borrowers.

“Poor households still depend on informal sources of credit.” -SST 10th

Description : “Poor households still depend on informal sources of credit.” -SST 10th

Last Answer : Poor Households still depend on informal sources of credit because:- . Banks are not present everywhere on rural area. . Even when they are present getting a loan from the bank is much more ... money lenders they know the borrowers personally and they are willing to give a loan without collateral.

Differentiate between formal and informal sources of credit. -SST 10th

Description : Differentiate between formal and informal sources of credit. -SST 10th

Last Answer : Difference between Formal and Informal Sources

Mention four characteristics each of the formal and informal sources of credit in India. -SST 10th

Description : Mention four characteristics each of the formal and informal sources of credit in India. -SST 10th

Last Answer : Features of formal sources of credit are : (a) Formal sources of credit are provided by banks and cooperative societies to the borrowers. (b) Reserve Bank of India (RBI) governs the ... . (d) They generally charge higher rates of interest and exploit the borrowers for their own benifits.

What are the drawbacks of informal sources of credit? -SST 10th

Description : What are the drawbacks of informal sources of credit? -SST 10th

Last Answer : (i) Most of the informal lenders charge a much higher interest on loans. Thus the cost to the borrower of the informal loans is much higher. (ii) Higher cost of borrowing means a larger part of ... might wish to start an enterprise by borrowing may not do so because of the high cost of borrowing.

Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Description : Differentiate between formal and informal sources of credit. Explain problems faced by borrowers of loan from informal sources. -SST 10th

Last Answer : The moneylenders charge very high rates of interest keep no records of transactions and harass the poor borrowers.

Explain the differences between Formal and Informal Sources of Credit. -SST 10th

Description : Explain the differences between Formal and Informal Sources of Credit. -SST 10th

Last Answer : The differences between Formal and Informal Sources of Credit are :-

“Most of the poor households are still dependent on informal sources of credit.’’ -SST 10th

Description : “Most of the poor households are still dependent on informal sources of credit.’’ -SST 10th

Last Answer : (i) Banks are not present everywhere in rural India, whereas informal sources are easily available in all villages. (ii) Getting a loan from a bank is much more difficult for poor ... relatives, or traders and landlords, who know the borrowers personally and therefore do not demand collateral.

Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Description : Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Last Answer : There is a great need to expand formal sources of credit in rural India because there is no organization which supervises the credit activities of lenders in the informal sector. They lend at whatever interest rate they want and use unfair means of getting their money back.

Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Description : Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Last Answer : To expand formal sources of credit in rural India, dependence on informal sources of credit has to be reduced.

Why is it necessary that banks and co-operatives increase their lending in rural areas ? Explain. -SST 10th

Description : Why is it necessary that banks and co-operatives increase their lending in rural areas ? Explain. -SST 10th

Last Answer : 1. The formal sector i.e. the banks and the cooperatives need to engage more in the lending activities because of the disadvantages posed by the informal sector. 2. There is no organisation ... business, set up small scale industries etc which would add to the development aspect of a country.

Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas ? Explain. -SST 10th

Description : Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas ? Explain. -SST 10th

Last Answer : Banks and cooperatives should increase lending facilities in rural areas: 1. The informal sector lends at a high-interest rate in rural areas so the cost for the borrower is much more. 2. When the cost ... where the amount to be repaid is more than the borrower's income and he has to borrow more.

Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain. -SST 10th

Description : Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain. -SST 10th

Last Answer : Most loans from informal lenders carry a very high interest rate and do little to increase the income of the borrowers. Hence, it is necessary that banks and cooperatives increase their lending ... the formal credit is distributed more equally so that the poor can benefit from the cheaper loans.

Why is it necessary for banks and cooperatives to increase their lending in rural areas ? -SST 10th

Description : Why is it necessary for banks and cooperatives to increase their lending in rural areas ? -SST 10th

Last Answer : Necessity for the banks and cooperative societies to increase their lending facilities in rural areas : (i) Dependence on informal sources of credit reduces. (ii) To provide more loan facilities ... to increase the lending facilities to improve the livelihood of the people in the rural areas.

How are cooperatives functioning in the rural areas to solve the problem of credit? -SST 10th

Description : How are cooperatives functioning in the rural areas to solve the problem of credit? -SST 10th

Last Answer : . Besides banks, the other major source of cheap credit in rural areas are the cooperatives. . Members of a cooperative, pool their resources for cooperation in certain areas. . Cooperatives form ... provide loans to members. Once these loans are repaid, another round of lending can take place.

Cheap and affordable credit is essential for poor households both in rural and urban areas.' -SST 10th

Description : Cheap and affordable credit is essential for poor households both in rural and urban areas.' -SST 10th

Last Answer : Cheap and affordable credit is essential for poor households: 1. The informal sector lends at a high-interest rate in rural areas so the cost for the borrower is much more. 2. When the cost of borrowing ... where the amount to be repaid is more than the borrower's income and he has to borrow more.

Why do people in rural areas demand for credit? -SST 10th

Description : Why do people in rural areas demand for credit? -SST 10th

Last Answer : They demand for credit for crop production.

What is credit? Why is there a need for credit in rural areas? -SST 10th

Description : What is credit? Why is there a need for credit in rural areas? -SST 10th

Last Answer : Credit refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. There is a need for credit in rural areas for ... (iv) Rural people also take loans for starting small business and for the marriage of their daughters.

What step did carter want to take to reduce us dependence on foreign oil?

Description : What step did carter want to take to reduce us dependence on foreign oil?

Last Answer : Build more nuclear plants

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Description : What step did carter want to take to reduce us dependence on foreign oil?

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Which of the following least likely create "self-interest threat"? a. Undue dependence on total fees from an assurance client. b. Concern about the possibility of losing the engagement. c. Having a close business relationship with an assurance client. d. Pressure to reduce inappropriately the extent of work performed in order to reduce fees

Description : Which of the following least likely create "self-interest threat"? a. Undue dependence on total fees from an assurance client. b. Concern about the possibility of losing the engagement. c. Having ... client. d. Pressure to reduce inappropriately the extent of work performed in order to reduce fees

Last Answer : Pressure to reduce inappropriately the extent of work performed in order to reduce fees

“The credit activities of the informal sector should be discouraged.” -SST 10th

Description : “The credit activities of the informal sector should be discouraged.” -SST 10th

Last Answer : The credit activities of the informal sector should be discouraged because: . 85% of loans taken by the poor households in the urban areas are from informal sources. . Informal lenders ... increasing debt and debt trap, therefore the credit activities of the informal sector should be discouraged.

The credit activities of the informal sector should be discouraged.' Support the statement with arguments. -SST 10th

Description : The credit activities of the informal sector should be discouraged.' Support the statement with arguments. -SST 10th

Last Answer : The credit activities of the informal sector should be discouraged due to the following reasons - 1. There is no organization which supervises the credit activities of lenders in the informal ... Therefore, the formal sector needs to play an increasing role in extending the facilities of credit.

Although planning provides numerous benefits, some managers do not use formal marketing plans because A)formal plans are not necessary to control marketing activities. B)they think planning is a waste of time. C)they prefer to use informal marketing control. D)they spend almost all their time dealing with daily problems. E)they spend most of their time engaged in environmental scanning.

Description : Although planning provides numerous benefits, some managers do not use formal marketing plans because A)formal plans are not necessary to control marketing activities. B)they think planning is a waste ... dealing with daily problems. E)they spend most of their time engaged in environmental scanning.

Last Answer : D)they spend almost all their time dealing with daily problems.

Which are the two most common sources of energy in rural India? -SST 10th

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Suggest some ways which can be helpful in creating employment in rural areas. -SST 10th

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Which local industries in semi-rural areas can provide job opportunities for the unemployed? -SST 10th

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What are the various ways to provide employment opportunities in rural areas? -SST 10th

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In Tamil Nadu, 75% of the people living in rural areas use a ration shop, whereas in Jharkhand only 8% of rural people do so. -SST 10th

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How to create more employment in rural areas ? -SST 10th

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Description : Explain the various sources of funds for rural development.

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Last Answer : It doesn’t sound like your area could support more public transit. Maybe you could set up a carpool?

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Description : Why is the dependency ratio higher in rural areas than in urban areas ? State two reasons. -Geography

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Description : Give three reasons for the large-scale migration from rural to urban areas. -Geography

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