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The formal sector loans are made ____ for poor farmers and workers.

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Detailed Solution

The formal sector loans are made beneficial for poor farmers and workers.
The formal sector, such as banks and cooperatives, should provide more loans to poor workers and farmers in rural areas. They provide cheap and affordable credit to people in rural areas so that the repayment can be easily done. These cooperative banks should work out other ways of arranging collateral from the poor. By providing a linkage between SHGs and banks, they can together work for the betterment of people suffering from debt traps. There should be more banks and cooperatives in rural areas, and people have to be aware of them to fully use their services.

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The formal sector loans are made ____ for poor farmers and workers.