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

see full answer

Talk to JEE/NEET 2025 Toppers - Learn What Actually Works!

Real Strategies. Real People. Real Success Stories - Just 1 call away

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

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.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th