Characteristics of Formal sector
Answers
Answered by
0
Answer:
Formal Sector Loans :
Formal sector loans include loans from banks and cooperatives. Features of formal sector loans are :
(i) Formal sectors provide cheap and affordable loans and their rate of interest is monitered by RBI.
(ii) Formal sector strictly follows the terms of credit which includes interest rate, collateral, documentation and the mode of repayment.
Answered by
0
Answer:
Hey Mate
Here is your answer
Mark it as a brainliest answer if u want
Attachments:
Similar questions