Social Sciences, asked by hemyadav6633, 1 year ago

differenciate between formal & informal sector loan

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Answered by KabeerRoy

>>Formal sector loan required collateral where as informal sector loans does not require collateral. Formal sector loans has a low rate of interest where as informal sector loans has a very high rate of interest.

Answered by Rememberful

$\textbf{Answer is in Attachment !}$

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