Social Sciences, asked by kaushar04, 1 year ago

describe any two source each of formal and informal credit in India

Answers

Answered by ummuanas

Answer:the president of India who died

Explanation:

Answered by Ashmita440

Features of formal sources of credit are : -Formal sources of credit are provided by banks and cooperative societies to the borrowers. - Reserve Bank of India (RBI) governs the functioning of formal source of credit. ... - Informal sources of credit are moneylenders, traders, employers, relatives, friends etc.

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