Question

formal sector credit in india​

Answer 1

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 RBI gives credit to all at low interest rates. In the informal sector there is no supervisory body.

Answer 2

$HELLO$

Answer:

they are loans from bank uncooperative these loans mainly provided 90% of rich households in urban areas in rural areas 52% of loans as formal it is necessary to increase this type of loans so that everyone get benefit and help under the process of development

♥️#sosan