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Why it need to expand formal …

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Why it need to expand formal sector

Posted by Dinesh Student 5 years, 7 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 7 months ago

We need formal sources of credit in order to reduce the dependence of farmers on informal sources of credit like money lenders.
To reduce the higher risk associated with informal sources of credit because of fluctuating terms and conditions.
To avail cheaper credit to farmers in rural areas.

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CBSE > Class 10 > Social Science