Prove with an argument that there is a great need to expand formal sources of credit in rural India for 3mark question
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sorry dear friend.. the exam is over, ain't it? of u really need the answer I'll type it for u
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there is a great need to expand formal sources of credit in rural india because there is no organization which supervises the credit activities of lender in the informal sector.
they lend at whatever interest rte they want and use unfair means of Getting their money back.
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