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10. In certain cases, the high interest rate for borrowing can mean that the amount to
be repaid is greater than the income of the borrower. This could lead to
increasing debt (as we saw for Rama in Sonpur) and debt trap.
11. Banks and cooperative societies need to lend more. This would lead to higher
incomes and many people could then borrow cheaply for a variety of needs.
They could grow crops, do business, set up small-scale industries etc. They
could set up new industries or trade in goods. Cheap and affordable credit is
crucial for the country’s development.
12.