How can the formal sector loans be made beneficial for poor farmers and workers?

+1 vote
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asked Mar 14, 2018 in Social Science by paayal (26,720 points) 4 6 11

How can the formal sector loans be made beneficial for poor farmers and workers? Suggest any three measures.

1 Answer

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answered Mar 14, 2018 by sanjaydas (61,430 points) 5 7 7
selected Mar 15, 2018 by faiz
 
Best answer

Formal sector loans can be made beneficial for poor farmers and workers in the following ways:
(i) It is required to create awareness among farmers about formal sector loans.
(ii) Process of providing loans should be made easier.
(iii) It should be simple, fast and timely.

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