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

1 Answer

Answer :

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

Related questions

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.

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.

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.

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.

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.

Description : Which one of the following is the main source of credit for rich urban households in India ? -SST 10th

Last Answer : A - The rich urban households are usually more educated, and are thus aware of the fact that the banks give loans on a lower rate of interest. They also have better access to banks, and are not deterred by paperwork unlike the poorer sections of society.

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.

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

Last Answer : It is necessary that banks and cooperatives increase their lending in the rural areas.

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

Last 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 ... to banks 4. the formal source of credit is not discriminated the rich and poor hope it help!

Description : “The rich households are availing cheap credit from formal lenders whereas the poor house holds have to pay a heavy price for borrowing.” -SST 10th

Last Answer : . The formal sector still meets only about half of the total credit needs of the rural people. . The remaining credit needs are met from informal sources. . Most loans from informal lenders ... the rich households who receive formal credit whereas the poor have to depend on the informal sources.

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.

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.

Description : What are the two main reasons for formal credit not being available to the rural poor ? -SST 10th

Last Answer : The two main reasons for formal credit not being available to rural poor are : (i) Absence of collateral and documentation is the main reason which prevents rural poor from getting bank loans. ... (ii) Cheap and affordable credit for rural poors is important for the country's overall development.

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.

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.

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.

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

Last Answer : Difference between Formal and Informal Sources

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.

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.

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 :-

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.

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.

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.

Description : Rural people needs more credit -SST 10th

Last Answer : 'Due to following reasons there is need to expand rural credit (i) The expansion of formal sources of rural credit is essential to save poor from the high rate of interest of moneylenders and ... can get cheap loans from sources like cooperatives banks, Self Help Groups, regional rural banks, etc..

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.

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

Last Answer : They demand for credit for crop production.

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.

Description : Why are most of the poor households deprived of the formal sector of loans ? -SST 10th

Last Answer : The absence of proper documents and collateral deprive most of the poor of credit facilities extended by the formal sector.

Description : Ties between members of households loosened in Britain in the era of industrialization. -SST 10th

Last Answer : In the 18th century, the family had been a unit of production and consumption as well as of political decision-making. There was a big change in the newer pattern. (i) Ties between members of ... by experience of the war time and partly work done by the women who were employed in large numbers.

Description : Why are most of the poor households deprived from the formal sector of loans ? -SST 10th

Last Answer : They are deprived from the formal sector of loans because of : (i) Lack of collateral. (ii) They are illiterate. (iii) They cannot fulfil the formalities of the formal sector of loans.

Description : During last five years, which of the following Institutions have extended the largest amount of fresh credit for agriculture in India among all the institutions given in the list ? (A) ... Cooperative Banks (D) Primary Agricultural Credit Societies (E) Regional Rural Banks and Local Area Banks

Last Answer : (E) Regional Rural Banks and Local Area Banks

Description : In India, which bank has the highest share in the disbursement of credit to agriculture and allied activities? a) Cooperative Banks b) Regional Rural Banks c) Commercial Banks d) Microfinance institutions

Last Answer : Answer- c

Description : The second Green Revolution aims at increasing agricultural output to promote (1) Availability of easy credit to big farmers (2) Co-operative farming (3) Inclusive growth (4) Development of rural sector

Last Answer : (3) Inclusive growth Explanation: In the Indian context, the Second Green Revolution is a change in agricultural production widely thought necessary to feed and sustain the growing population on ... as partners of development instead of a mere beneficiary of some government schemes or programme.

Description : State the objectives of credit-cum-subsidy scheme of rural housing.

Last Answer : This is a Rural Housing scheme to provide shelter to poor rural people who are living below poverty line (BPL). It is part credit and part subsidy-based scheme. Its objectives are i) To ... a house iv) All rural households having annual income of INR 32000 are covered under this scheme. 

Description : The second Green Revolution aims at increasing agricultural output to promote (1) Availability of easy credit to big farmers (2) Co-operative farming (3) Inclusive growth (4) Development of rural sector

Last Answer : Inclusive growth

Description : Would a priority system for each households power help a power grid?

Last Answer : I’d make freezer and fridge number 1 and internet number 2. My bathroom has a window so it’s not as big of a deal.I also keep lots of LED flashlights handy just in case of power failure. Not perfect, but it works

Description : Do you think that screenless households exist?

Last Answer : Maybe but highly unlikely.

Description : Is it tacky to buy 2 grandkids, from 2 different households, who are about the same age, the same gift (a toy) for Christmas?

Last Answer : If you think they would both like the toy, then no, of course not.

Description : In Asian households does anyone steal their shoes?

Last Answer : Karma, sense of community, duty, dogma, shame, obedience, fear of consequences, possibly including ill-fitting shoes that smell like someone else’s feet.

Description : In Pa are there any agencies that give kerosene vouchers for low income households?

Last Answer : silky1 Do you have HEAP in PA? I'll go look for you. Try typing PA heating assistance in BING. I came up with a bunch, such as LIHEAP, Fuelassistance.com, and citizensenergy ... //www.dpw.state.pa.us/foradults/heatingassistanceliheap/index.htm http://citizensenergy.com/english/pages/130/pennsylvania

Description : What are the stats on the percentage of American households that actually have in-home internet access?

Last Answer : 239,893,600 Internet users as of June/10, 77.3% of the population, according to ITU. http://www.internetworldstats.com/am/us.htm

Description : What percentage of households have dogs in the US? Other countries?

Last Answer : The American Veterinary Medical Association estimates that 36.1% of U.S. households have dogs (37.9 million households in 2002).

Description : To the peeps who grew up in strict households , how is life now?

Last Answer : More stressful than before

Description : How many American households play video games? -Gaming

Last Answer : Over 164 million adults in the United States play video games and three-quarters of all Americans have at least one gamer in their household.

Description : 19. Which famous work of literature opens with these lines? “Two households, both alike in dignity, in fair Verona, where we lay our scene…” -Music and Art

Last Answer : 19. Romeo and Juliet – William Shakespeare

Description : In a survey, it was found that 9 out of every 11 households -Maths 9th

Last Answer : 2/11 = 0.18(recurring), Non terminating repeating. People are becoming more social, helpful, cooperative and caring.

Description : Are the use and consumption of marijuana are allowed and authorized only in private households?

Last Answer : It depends on where you are. Here in the Philippines, it is not allowed. Once they caught you with Marijuana onhand, they will imprison you.

Description : In 2003 the top 20 or wealthiest fifth of U.S. households earned?

Last Answer : Need answer

Description : What information about the two households in presented in the prologue In what ways does Juliet and Comment in Act 1 scene vlines 137 8 echo the prologue?

Last Answer : Need answer

Description : What factor determines how much households can spend on final goods and services?

Last Answer : Need answer