Most loans from informal lenders carry a very high interest rate and do little to increase the income of the borrowers. Thus, it is necessary that banks and cooperatives increase their lending particularly in the rural areas, so that the dependence on informal sources of credit reduces.
Secondly, while formal sector loans need to expand, it is also necessary that everyone receives these loans. It is important that the formal credit is distributed more equally so that the poor can benefit from the cheaper loans.
Why did Mahatma Gandhiji decide to launch a nationwide Satyagraha against the proposed Rowlatt Act? Explain any three reasons.
What was the major change that occurred in the political and constitutional scenario due to French Revolution in Europe?
OR
How was the maritime silk route useful for Vietnam?
Describe the events of French Revolution which had influenced the people belonging to other parts of Europe.
Or
Describe the major protest erupted in Saigon Native Girls School in 1926, in Vietnam.
