Source of Credit for Rural Households in India in 2003 |
(a) Which are the two major sources of credit for rural households in India? |
(b) Which one of them is the most dominant source of credit for rural households? |
(c) Why is it the most dominant source of credit? Give two reasons. |
Answer:
(a) Moneylenders and cooperative societies.
(b) Moneylenders.
(c) (i) Moneylenders are ready to give a loan without collateral.
(ii) Borrowers can get loans even without repaying their earlier loans.
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