Explain the role of Micro-Credit in meeting credit requirements of the

1.	Explain the role of Micro-Credit in meeting credit requirements of the poor?
Answer» Micro-credit helps the fanners in the following manner in meeting their credit requirements: 1. It helps in empowerment of women by providing credit for their consumption purposes. 2. It helps in promoting the small savings which can be pooled and utilised in cases of emergencies. 3. It helps in saving the agriculturalists from the exploitation of money lenders and traders. 4. It provides loans to farmers at reasonable interest rates repays in small industries.

Explain the role of Micro-Credit in meeting credit requirements of the poor?

Answer»

Micro-credit helps the fanners in the following manner in meeting their credit requirements:

1. It helps in empowerment of women by providing credit for their consumption purposes.

2. It helps in promoting the small savings which can be pooled and utilised in cases of emergencies.

3. It helps in saving the agriculturalists from the exploitation of money lenders and traders.

4. It provides loans to farmers at reasonable interest rates repays in small industries.