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Wat types of banking facilities are available to the poor people in India? |
Wat types of banking facilities are available to the poor people in India? In India Agricultural sector and Rural Areas are considered as poor sector and There is no discrimination like poor or rich in front of a Commercial bank. But Government give stress to sectoral development like Rural development and Agricultural development. Aiming up the Development of poor People the Primary Co-Operative banks constitutes under District Co Ops. and under the supervision of States(APEX) Co Operatives. Co Op's give special development stress to Rural, Agricultural, Farming, Merchandise and provide Low interest short term and long term Loans and advances. Mortgage banks under Co Ops sector also give stress to rural development Besides Commercial Banks act as Lead Banks are also meant for rural and local Educational, Industrial and Agricultural development by the special instruction of Government and They instructs to give 8 to 10 % of there money to employ this area. NABARD also contributes Rural agricultural and Rural development. Source(s): Banking and Rural Development / Primary Co operatives and Agricultural development. Yes of course! Poor people get the Banking facilities. Not from banks But from Money Lenders who charge the Int rest 10% Per month on principal amount that means 120 % Per An am. We always see the brighter side of coin. The shinning India. But the banking facilities o poor people in India, is yet to develop. lot of facilities like loan on home appliances and low intrest on loans.. education facility.. many are there it is in order to develop our country |
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