Subject social science question Why do banks and cooperatives need to – InterviewSolution

1.	Subject social science question Why do banks and cooperatives need to lend more?
Answer» of the farmers are very poor, they do not have any surplus MONEY. 2 Money lender charge very HIGH rate of INTEREST. This leads to increasing DEPT and debt traps. 3 Money lender use unfair means to get their money back. 4 Cheap and affordable credit is must for rural development. 5 Cheap credit help in lowering the cost of production.

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