should there be a supervisor, such as the reserve bank of india, that looks into loan activities of informal lenders?
Answers
Answer:
There should be a supervisor for checking the loan activities of Informal lenders. However, its task is quite difficult because informal sector constitutes many people who have different kind of business of their own, besides lending. They are not registered with the government.
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Answer:
BONJOUR!!! HOLA!!!
Explanation:
Yes,in order so as to save poor farmers and people in the rural areas from getting over exploited by this informal money lenders.This would portray a difficult task due to a lot of people mostly depends on this money lenders and hence regulating the activities of these money lenders is not so easy.Banks should therefore decrease the collateral for such poor people so that they can also be capable of enjoying the loans as it will promote the development of the nation.