Advertisements
Advertisements
प्रश्न
Why do most of the rural households still remain dependent on the informal sources of credit? Explain.
उत्तर
- Limited availability of Banks in rural areas.
- People in rural areas face problems with regard to documentation.
- Absence of collateral is one of the major reasons which prevents the poor from getting bank loans.
- Rural people get easy loans from richer households through informal ways.
APPEARS IN
संबंधित प्रश्न
Which one of the following is NOT an informal sector loans for poor rural household in India?
Farmers usually take crop loans at the beginning of the season and repay the loan after ______.
Interest rate, security and documentation requirement, and the mode of repayment together comprise what is called the ______.
Most of the informal lenders charge ______.
The rich households are availing cheap credit from formal lenders whereas the poor households ______.
The difference between what is charged from borrowers and what is paid to depositors is ______.
An agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment is called ______.
Read the information given below and select the correct option.
Rohan has taken a loan of Rs.5 lakhs from the bank to purchase a house at a 12% rate of interest. He has to submit papers about the new house and salary records to the bank. What is this process called?
|
A House Loan Megha has taken a loan of 75 lakhs from the bank to purchase a house. The annual interest rate on the loan is 12 percent and the loan is to be repaid in 10 years in monthly instalments. Megha had to submit to the bank, documents showing her employment records and salary before the bank agreed to give her the loan. The bank retained as collateral the papers of the new house, which will be returned to Megha only when she repays the entire loan with interest. |
- From which source of credit Megha has taken loan?
- Explain the terms of credit given in the source.
Explain any three terms of Credit.
