Formal credit meet only about half of the total credit need of rural people where does the other half come from
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other half comes from informal credits which includes moneylenders, traders, employers, relatives etc. or their SHGs (self help groups) of their villages.
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Answer:
Formal credit meet only about half of the total credit needs of the rural people. ... other half comes from informal credits which includes moneylenders, traders, employers, relatives etc. or their SHGs (self help groups) of their villages.
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