Economy, asked by kartikbhoriya1911, 9 months ago

Formal and informal sector credit in india definition

Answers

Answered by rishika79

Answer:

Explanation:

Banks and cooperative societies constitute the formal sector of credit. Landlords, moneylenders, traders, relatives, friends and other sources of credit constitute the informal sector of credit. The formal sector provides only marginally more credit than the informal sector currently.

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