role of formal and informal in credit sector
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Banks and cooperative societies constitute the formal sector of credit. Landlords, moneylenders, traders, relatives, friends and other sources of credit constitute the informal sector of credit. ... The RBI gives credit to all at low interest rates. In the informal sector there is no supervisory body.
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Banks and cooperative societies constitute the formal sector of credit. Landlords, moneylenders, traders, relatives, friends and other sources of credit constitute the informal sector of credit. ... The RBI gives credit to all at low interest rates. In the informal sector there is no supervisory body.
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