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Julli [10]
2 years ago
11

Banks are present everywhere, but it is very difficult for poor households to get loan from the bank than taking a loan from inf

ormal source? Why is it so?​
Social Studies
2 answers:
Bezzdna [24]2 years ago
8 0

Answer:

Banks are not present everywhere in rural India, where as the informal sources are easily available in all the villages. ... Getting a loan from the bank is much more difficult than taking a loan from the informal resources because bank loans require proper documents and collateral.

<em><u>Hope</u></em><em><u> </u></em><em><u>it</u></em><em><u> </u></em><em><u>helps</u></em><em><u> </u></em><em><u>you</u></em><em><u> </u></em><em><u>dear</u></em><em><u> </u></em>

Olenka [21]2 years ago
7 0

Explanation:

Banks are not present everywhere in rural India, where as the informal sources are easily available in all the villages. Getting a loan from the bank is much more difficult than taking a loan from the informal resources because bank loans require proper documents and collateral.

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