Question

Differentiate between formal and informal sector credit in india

Answer 1

❛Answer ❜

────────────────────────

Formal sector ↓

✍︎ Supervised by R.B.I

✍︎ Fixed + Low interest Rate

✍︎ e.g. Banks

Informal sector ↓

✍︎ No organisation supervises these credit activities

✍︎ High + no fix interest Rate

✍︎ e.g. Friends, traders, moneylenders, etc.

━━━━━━━━━━━━━━━━━━━━━━━━

Mark as brainliest ✔