Practicing Success
Practicing Success
CUET Preparation Today
Why did the formal credit delivery mechanism turn out to be inadequate in rural area? |
Since some kind of collateral is required, vast proportion of poor rural households were automatically out of the credit network. Banks in the rural area had smaller capacity to hold the deposits Banks were unable to process returns and deposits on time None of the above |
Since some kind of collateral is required, vast proportion of poor rural households were automatically out of the credit network. |
Formal credit delivery mechanism, not only, turned out inadequate in rural areas but also was not able to fully integrate the overall rural community. Since some kind of collateral is required, vast proportion of poor rural households were automatically out of the credit network. |
