Credit & Debt Trap: Terms of Credit & Role of Cooperatives (Class 10) скачать в хорошем качестве

Credit & Debt Trap: Terms of Credit & Role of Cooperatives (Class 10)

Here is the regenerated metadata for Video 10 in the strict copy-paste format. Video Title Credit & Debt Trap: Terms of Credit & Role of Cooperatives (Class 10) Thumbnail Text (Strictly 4-6 Words) "Loan: Growth or Trap?" (Design Note: White text. Split screen: "Factory Production" vs "Farmer Selling Land".) Description Is taking a loan good or bad? In this video, we continue Class 10 Economics Chapter 3: Money and Credit. We analyze how credit (loans) can act as a double-edged sword—helping one person grow while pushing another into a Debt Trap. We also discuss the crucial role of Cooperatives in providing cheap credit. Two Different Credit Situations: Positive Loan: Credit helps increase production and earnings (Example: Urban manufacturing orders where the loan is cleared easily). Negative Loan: Credit pushes the borrower into a situation from which recovery is painful. Example: Crop failure leads to a Debt Trap, forcing the borrower to sell assets or land. Terms of Credit: Every loan agreement specifies an Interest Rate, Collateral (security), and documentation requirements. These conditions vary depending on the lender and the borrower. Credit from Cooperatives: The Model: Members pool resources (deposits) to form a Cooperative. The Goal: Unlike commercial banks, the main aim is "Benefit of Members greater than Profit of Bank." Mechanism: Members use their pooled deposits as collateral to get funds from big banks and then lend to members at low interest rates.