Question

give any four examples of formal and informal sector credit source​

Answer 1

Answer:

Formal and Informal Sectors of Credit in India. People can borrow money from different sources such as banks, cooperatives, money lenders, relatives and friends etc. The loan obtained from money lenders, relatives and friends, etc.

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Answer 2

Answer:

Formal sectors represent all jobs with specific working hours and regular wages and the worker's job is assured. ... Conversely, informal or unorganized sectors are the ones where the employees or the workers do not have regular working hours and wages and are exempted from taxes.