Differebate zetween informal sectos
lesh and formal sedbi loan
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Mention three points of difference between formal sector and informal sector loans
Formal Sector Loans: Include loans from banks and cooperatives. ... Informal Sector Loans : Include loans from moneylenders, traders, employers, relatives, friends, etc. Features for informal sector loans are: (i) Their credit activities are not governed by any organisation, therefore they charge higher rate of interest.
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