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Why is it difficult for poor …

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Why is it difficult for poor people to get from the banks

    • Posted by Sumit Patidar 3 years, 11 months ago

    CBSE > Class 10 > Social Science
    • 5 answers

    Divyanshu Tripathi 10 B 3 years, 11 months ago

    Morons

    1Thank You

    Dhruv Jha 3 years, 11 months ago

    1) Because banks are not available in rural areas. 2) Rural people don't take loans from bank because they didn't have and sallery template. 3) Rural people doesn't believe in bank because years ago bank is not available and he knows her grandfather taken a money on moneylender or businesses man etc. 4) So it is difficult for rural people to from the money in bank...........

    1Thank You

    Chhavi Soni 3 years, 11 months ago

    Because banks are not available in rural areas and rural people don't take loans from bank it takes on higher interest rate

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    Neenu Rathee 3 years, 11 months ago

    Because banks give lone and take it on higher interest

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    Nelson Dsouza 3 years, 11 months ago

    The poor find the process of taking loans from the bank difficult because of lack of proper documents and collateral.Informal sources of loans (moneylenders, relatives, and friends) do not require certain documents and collateral while giving loans and moreover, they are also ready to give fresh loans such without payment of the previous loans.

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