differentiate b\w formal &informal sector
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•The RBI supervises the functioning of formal source of loans.
No organisation is their to supervices informal renting activity.
•Collateral is required to obtain credit in formal sector.
Informal sector gives loan without collateral.
•Rate of interset in fotmal sector is lower than that of the informal sector.
Higher interset rate is charged in informal sector.
No organisation is their to supervices informal renting activity.
•Collateral is required to obtain credit in formal sector.
Informal sector gives loan without collateral.
•Rate of interset in fotmal sector is lower than that of the informal sector.
Higher interset rate is charged in informal sector.
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