Question

some one tell about formal sector credit in India

Answer 1

Answer:

it is the credit from banks and cooperatives

for getting loans from formal sector we need to submit collateral

Answer 2

Answer:

Formal sector credit in india. ... Sources of credit for rural households in India, 2003 Among the formal sector are loans from banks and cooperatives. The informal lenders include moneylenders, traders, employers, relatives and friends, etc. In Graph you can see the various sources of credit to rural households in India.Nov 11, 2013