Why is the supervision of the functioning of formal sources of loans necessary CBSE Economics
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Why is the supervision of the functioning of formal sources of loans necessary? -CBSE Economics

Economics-Class 10
Appeared in CBSE 2016 Social Science Question Paper


By:Aparna-Dasgupta

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Supervision of formal sources of loans is necessary for the following reasons:
1) So that the targeted groups for whom specific loans have been designed can avail of such loans.
2) In order to check the creditworthiness of prospective clients to minimize defaults.
3) So that the appropriate rates of interest are charged.
4) In order that the targeted economic activity gets a boost.
5) So that the Banks and other lending institutions have adequate resources to meet their lending objectives.

Fututron

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