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Lendings by banks and cooperative societies have a ____ impact on income generation

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Lendings by banks and cooperative societies have a positive impact on income generation and the reduction of poverty. Banks and cooperatives come under formal sources of credit that are regulated and supervised by the central bank of the country, i.e., the Reserve Bank of India in the case of India. Unlike informal sources, banks and cooperatives charge low-interest rates from borrowers. Expansion of such sources helps poor households to meet their credit requirements without facing exploitation from moneylenders, trade merchants, etc. Businesses utilize the borrowings raised from banks for carrying out investment activities in the economy.

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Lendings by banks and cooperative societies have a ____ impact on income generation