Question

identify the formal source of credit

Answer 1

Heya,

Formal sources of credit include banks, cooperatives, etc.

HOPE IT HELPS:-))

Answer 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 sector currently. The credit activities of the formal sector aresupervised by the Reserve Bank of India.,I hope you can understand