Social Sciences, asked by kulandaihc1190pb4d84, 1 year ago

formal sector in banking

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Answered by shivam10sep
2
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 sectorcurrently. The credit activities of the formal sector are supervised by the Reserve Bankof India.
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