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    why do banks and cooperative societies need to lend more explain

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    Banks and cooperatives need to lend more to borrowers because .

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    Question

    Banks and cooperatives need to lend more to borrowers because _______.

    A

    high cost of borrowing form informal sources

    B

    borrowers wish to set up enterprises

    C

    borrowers need more money but cannot ask

    D

    none of these

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    Why do banks and cooperative societies need to lend more? Explain.

    Why do banks and cooperative societies need to lend more? Explain.

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    Why do banks and cooperative societies need to lend more? Explain.

    Answer :

    Banks and cooperative societies need to lend more.i. This would lead to higher incomes ii. People could borrow cheaply for a variety of needs. iii. They could grow cropsand set up small-scale industries etc. iv. Cheap and affordable credit is crucial for the country’s development v. To save and reduce the dependence on informal sources of credit vi. It is important that the formal credit is distributed more equally so that the poor can benefit from the cheaper loans

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    Why do banks and cooperative societies need to lend more? Explain.

    Why do banks and cooperative societies need to lend more? Explain.

    Why do banks and cooperative societies need to lend more? Explain.

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