Question

money lenders are included in formal sector loans . true/false​

Answer 1

False

Explanation:

The statement is false because money lenders usually facilitate the small farmers or lower income household. They even help small scale enterprises financially.

These sections of society are often ignored by the formal sector which caters more literate clients with high income resources.

That is why money lender often fall under the category of informal financial sector.

Answer 2

Answer:

False

Explanation:

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