Edumarz

Explain the role of micro-credit in meeting credit requirements of the poor.

Facebook
WhatsApp
Twitter
LinkedIn

Micro-credit helps the fanners in the following manner in meeting their credit requirements:  

1. It helps in empowerment of women by providing credit for their consumption purposes. 

2. It helps in promoting the small savings which can be pooled and utilized in cases of emergencies. 

3. It helps in saving the agriculturalists from the exploitation of money lenders and traders. 

4. It provides loans to farmers at reasonable interest rates in small industries.

Leave a Reply