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प्रश्न
"Deposits with the banks are beneficial to the depositors as well as to the nation." Explain the statement
उत्तर
People with small saving amounts earn interest on their savings when they deposit money in the bank. Hence, depositing money in the bank generates income for them rather than letting the money lie idle. These bank accounts are safe to keep money and to withdraw the amount at the time of requirement.
The timely advancing of loan to the farmers at low rate of interest helps the farmers in increasing their production. In urban areas, the provision of loan to small business units can help them to prosper. Banks also provide loans to various builders for their development projects.
संबंधित प्रश्न
Why is the supervision of the functioning of formal sources of loans necessary?
What is the basic idea behind the SHGs for the poor? Explain in your own words.
What are the reasons why the banks might not be willing to lend to certain borrowers?
Manav needs a loan to set up a small business. On what basis will Manav decide whether to borrow from the bank or the moneylender? Discuss.
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Why might banks be unwilling to lend to small farmers?
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
Suggest some ways by which small farmers can get cheap credit.
In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.
What are the other sources from which the small farmers can borrow?
__________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.
Formal Sources of Credit Does Not Include
In a SHG, most of the decisions regarding savings and loan activities are taken by ______.
