Economy, asked by aishu9729, 1 year ago

describe informal sector

Answers

Answered by shaly24
1
here some information about informal sector are :

1. the sectors consists of loans from money lenders traders and friends

2. they are not under the control of the RBI (Reserve Bank of India)

3. the rates of interest is exorbitant

4. it comprises 48 % of credit in our country

5. it is mostly taken by poor rural households

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Answered by Rimjhim715
2
informal sector of work is the sector in which government made rules and regulations are not followed.


informal sources of loan is the source in which loan is provided by family,friends,relatives,landlords,etc. not by any recognised body or institution.

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