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प्रश्न
Explain, why the banks do not lend credit to certain borrowers.
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उत्तर
- Banks do not lend to borrowers who do not have collateral, as it serves as a guarantee and can be sold if the borrower fails to repay.
- Banks typically do not lend to borrowers without enough proof, such as salary or collateral.
- Banks do not extend credit to persons who have not paid previous debts or are already defaulters.
- Banks typically avoid lending to borrowers who intend to engage in risky firms.
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संबंधित प्रश्न
Which one of the following is NOT an informal sector loans for poor rural household in India?
Farmers usually take crop loans at the beginning of the season and repay the loan after ______.
Sometimes lenders demand against loan ______.
Interest rate, security and documentation requirement, and the mode of repayment together comprise what is called the ______.
Most of the informal lenders charge ______.
The rich households are availing cheap credit from formal lenders whereas the poor households ______.
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called ______.
In rural areas, the main demand for credit is for ______.
Why do most of the rural households still remain dependent on the informal sources of credit? Explain.
How do Self Help Groups help borrowers to overcome the problem of lack of collateral? Explain.
