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What can be done to increase formal credit facilities in rural areas

Posted by Sneha Patil 7 years, 2 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years, 1 month ago

Following are the ways to increase the formal credit facilities to the people in the rural areas:
(i)    Setting up of Grameen Banks in the rural areas.
(ii)    Making the process of granting loans more simple and suited to the needs of the rural people.
(iii)    Provisions of setting up of different cooperative societies in the villages.
(iv)    Encouraging the villagers to set up Self Help Groups.

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