Biology, asked by mamtaguptasanjeevkum, 1 month ago

dis.cuss the difference in detail between formal sector loan and informal sector loan​

Answers

Answered by chinmayin1389
0

Answer:

Formal sector loan is given by commercial bank whereas informal sector loan is given by money lenders, big merchants, etc. ... Formal sector loans has a low rate of interest where as informal sector loans has a very high rate of interest.

Explanation:

hope this will help you

Answered by ishaansaini25
0

Answer:

Formal sector loan is given by commercial bank whereas informal sector loan is given by money lenders, big merchants, etc. ... Formal sector loans has a low rate of interest where as informal sector loans has a very high rate of interest.

Explanation:

HOPE IT HELPS

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