mention one advantage of formal sector loans
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These institutions are regulated by the Reserve Bank Of. India. Their rates of interest for loans are controlled.
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Answer:
These institutions are regulated by the Reserve Bank Of. India. Their rates of interest for loans are controlled. ...
There is no exploitation by the lenders.
Everyone can take a loan that includes big businessmen as. well as the small cultivators or borrowers.
The cost of borrowing is usually less
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