Answer :

The rich urban households are usually more educated, and are thus aware of the fact that the banks give loans on a lower rate of interest. They also have better access to banks, and are not deterred by paperwork unlike the poorer sections of society.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Glimpses of IndiaGlimpses of IndiaGlimpses of India39 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses