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प्रश्न
Why do most of the rural households still remain dependent on the informal sources of credit? Explain.
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उत्तर
- Limited availability of Banks in rural areas.
- People in rural areas face problems with regard to documentation.
- Absence of collateral is one of the major reasons which prevents the poor from getting bank loans.
- Rural people get easy loans from richer households through informal ways.
APPEARS IN
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 ______.
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 ______.
Explain, why the banks do not lend credit to certain borrowers.
Explain any three terms of Credit.
Assertion (A): Banks are not ready to lend money to certain borrowers.
Reason (R): Some people do not have collateral.
