"“the rich households are availing cheap credit from formal lenders whereas the poor households have to pay a heavy price for borrowing.” examine the statement."

 "“the rich households are availing cheap credit from formal lenders whereas the poor households have to pay a heavy price for borrowing.” examine the statement."

1. The formal sector still meets only about half of the total credit needs of the rural people.
2. The remaining credit needs are met from informal sources.
3. Most loans from informal lenders carry a very high interest rate and do little to increase the income of the borrowers.
4. Thus, it is necessary that banks and cooperatives increase their lending particularly in the rural areas, so that the dependence on informal sources of credit reduces.
5. While formal sector loans need to expand, it is also necessary that everyone receives these loans.
6. At present, it is the rich households who receive formal credit whereas the poor have to depend on the informal source.

"“the rich households are availing cheap credit from formal lenders whereas the poor households have to pay a heavy price for borrowing.” examine the  statement."

Tagged in:

sample paper for class 10, cbse sample papers for class 10, cbse.nic.in sample papers, sample paper of class 10, cbse.nic.in sample papers, cbse sample papers for class 10, sample paper of class 10, cbse sample papers for class 10, cbse social science class 10 question papers, cbse class 10 social science sample papers with solutions, sample paper of social science for class 10 cbse with answers, sst sample paper class 10, social Science question paper for class 10, class 10 social science sample paper, sst sample paper class 10 2018,cbse class 10 social science sample papers with solutions, sample paper for class 10, cbse sample papers for class 10, cbse.nic.in sample papers, sample paper of class 10, cbse.nic.in sample papers, cbse sample papers for class 10, sample paper of class 10, cbse sample papers for class 10, cbse social science class 10 question papers, cbse class 10 social science sample papers with solutions, sample paper of social science for class 10 cbse with answers, sst sample paper class 10, social Science question paper for class 10, class 10 social science sample paper, sst sample paper class 10 2018,cbse class 10 social science sample papers with solutions

Ultimate Guides on Earn Money Online:
How to Get More Surveys on Google Opinion Rewards App? Ultimate Guide
How to Start a Blog to Make Money Online Ultimate Guide
1001 Ways to Make Money Online Home Free Fast No Scams
How to Earn Money Online Writing to Revenue Sharing Websites Ultimate Guide
How to Earn Money Online by PPC Pay Per Click Marketing Ultimate Guide
How to Earn Money Online Fiverr Services Support Ultimate Guide