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Why do less number of poor households take the loan from the bank and cooperative |
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Answer» Majority of the people in rural areas depend on landlords and rich farmers.\xa0The main reasons behind this are:1. The number of banks in rural remote areas is low.2. Bank loans require proper documents and collateral (security). Absence of collateral is one of the major reasons which prevents the poor from getting bank loans.3.\xa0Informal lenders like landlords, know the borrower personally and hence, are often willing to give a loan without a security. I don\'t know sorry ?? |
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