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

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

The absence of proper documents and collateral deprive most of the poor of credit facilities extended by the formal sector.
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Why are most of the poor households deprived from the formal sector of loans ? -SST 10th

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.

“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

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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.

How can formal sector loans be made beneficial for poor farmers and workers? -SST 10th

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Last Answer : Formal sector loans can be made beneficial for poor farmers and workers in the following ways: . It is required to create awareness among farmers about formal sector loans. . Process of providing ... While formal sector loans need to expand, it is also necessary that everyone receives these loans.

How can the formal sector loans be made beneficial for poor farmers and workers ? Suggest any five measures. -SST 10th

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Last Answer : 1. Formal sector loans can be made beneficial for poor farmers and workers by generating the appropriate level of awareness among them as to why they should borrow credit from formal sources and not ... are not only limited to the rich households. This has to be ensured by the formal sector.

How can the formal sector loans be made beneficial for poor farmers and workers ? -SST 10th

Description : How can the formal sector loans be made beneficial for poor farmers and workers ? -SST 10th

Last Answer : Formal sector loans can be made beneficial for poor farmers and workers in the following ways: (i) Create awareness to farmers about formal sector loans. (ii) Process of providing loans should ... ) While formal sector loans need to expand, it is also necessary that everyone receives these loans.

“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

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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.

Compare formal sector loans with an informal sector of loans regarding interest only. -SST 10th

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Last Answer : The loans given by the formal sector have low rates of interest whereas the loans given by the informal sector have very high rates of interest.

Explain any two features each of formal sector loans and informal sector loans. -SST 10th

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Last Answer : Formal Sector Loans : Formal sector loans include loans from banks and cooperatives. Features of formal sector loans are : (i) Formal sectors provide cheap and affordable loans and their ... the borrowers personally, and hence they provide loans on easy terms without collateral and documentation.

Explain any two features each of formal sector loans and informal sector loans. -SST 10th

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Mention three points of difference between formal sector and informal sector loans. -SST 10th

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Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Description : Explain any two features each of formal sector loans and informal sector loans. -SST 10th

Last Answer : Formal Sector Loans: Include loans from banks and cooperatives. Features of formal sector loans are: (i) Formal sectors provide cheap and affordable loans and their rate of interest are ... the borrowers personally, and hence they provide loans on easy terms without collateral and documentation.

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.

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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.

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

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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.

“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.

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Why is the supervision of the functioning of formal sources of loans necessary ? -SST 10th

Description : Why is the supervision of the functioning of formal sources of loans necessary ? -SST 10th

Last Answer : The Reserve Bank of India (RBI) supervises the functioning of the formal sources of loans i.e. the banks and cooperatives in order to ensure that the banks give loans not just to profitmaking businesses and traders but also to small scale industries and small borrowers etc.

Which body supervises the functioning of formal sources of loans ? -SST 10th

Description : Which body supervises the functioning of formal sources of loans ? -SST 10th

Last Answer : The Reserve Bank of India supervises the functioning of formal sources of loans.

Which government body supervises the functioning of formal sources of loans in India ? -SST 10th

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Last Answer : The Reserve Bank of India supervises the functioning of formal sources of loans. Its functions are 1. Maintains a minimum cash balance to avoid cash shortages in the country. 2. Ensures that the banks ... information from the banks on how much they are lending, to whom, at what interest rate, etc.

Which government body supervises the functioning of formal sources of loans in India? Explain its functioning. -SST 10th

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Last Answer : '1. The reserve bank of India supervises the functioning of formal sources of loans 2. The RBI monitors of banks in actually maintaining cash balance 3. The RBI sees that the bank give loans not just ... information to the RBI on how much they are lending ,to whom ,at what interest rate ,etc.

Which government body supervises the functioning of formal sources of loans in India? -SST 10th

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Last Answer : The Reserve Bank of India (Reserve Bank of India) supervises the functioning of formal sources of loans in India. For instance, banks maintain a minimum cash balance out of the deposits they receive. Functions ... Bank of India on how much they are lending, to whom, at what interest rate, etc.

Why is the supervision of the functioning of formal sources of loans necessary ? -SST 10th

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Last Answer : It is necessary because banks have to submit information to the RBI on how much they are lending, to whom they are lending and what interest rate, etc.

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