Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsRural Development3 Marks
Question
State any three main drawbacks of rural banking.
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Answer
The main drawbacks of rural banking are:
With the exception of commercial banks, other formal institutions of rural banking sector have not been able to develop a culture of deposit mobilisation.
On the top of it the loan default rates in the rural areas have been chronically very high.
Lack of a desired rapport between rural banking and the borrowers in these areas has been found.
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