Why do you think the people in rural areas demand for credit? – InterviewSolution

1.	Why do you think the people in rural areas demand for credit?
Answer» In the rural areas, the main demand for credit is for crop production. Crop production involves considerable costs on seeds, fertilizers, pesticides, water, electricity, repair of equipment, etc. Farmers usually take crop loans at the beginning of the season and repay the loan after harvest. There is usually 3 to 4 months gap between farmers buying inputs and selling the crop. Repayment crucially depends on income from farming.

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