Question

0:30. Why do we need to expand formal sources of credit in India? Give three reason​

Answer 1

Explanation:

Answer. (1) There is no organisation which supervises the credit activities of lenders in the informal sector. (2) There is no one to stop them from using unfair means to get their money back. (3) Formal sources of credit are less risky and they charge less rate of interest .

Answer 2

Explanation:

this is your answer

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