Question

Formal sector loans are coming from banks and ___

Answer 1

Answer:

(ii) Formal sector strictly follows the terms of credit, which includes interest rate, collateral, documentation and the mode of repayment. Informal Sector Loans : Include loans from moneylenders, traders, employers, relatives, friends, etc..

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Answer 2

Answer:

Formal sector strictly follows the terms of credit, which includes interest rate, collateral, documentation and the mode of repayment. Informal Sector Loans : Include loans from moneylenders, traders, employers, relatives, friends, etc..❤❣❤