Why should credit at reasonable rates be available for all? – InterviewSolution

1.	Why should credit at reasonable rates be available for all?
Answer» Higher cost of borrowing means a larger part of the earnings of the borrowers is used to repay the loan. In such cases, the amount to be repaid is greater than the income of the borrower. This could lead to increasing debt. High interest rates are hurdles for those who want to establish an enterprise. For these reasons, banks and cooperative societies need to lend more at reasonable rates.

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