state any three benefits of institutional sources of credit
Answers
Institutional finance means finance raised from financial institutions other than commercial banks. These financial institutions act as an intermediary or link between savers and investors. They provide finance and financial services in areas which are outside the purview of traditional commercial banking.
The term institutional finance generally consists of the following:
(i) Finance raised from Public Financial Institutions (PFIs).
(ii) Finance raised from Non-Banking Finance Companies (NBFCs).
(iii) Finance provided by Investment Trusts and Mutual Funds (ITMF).
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Answer:
These institutions are regulated by the Reserve Bank Of. India. Their rates of interest for loans are controlled. The rates and terms. There is no exploitation by the lenders. Everyone can take a loan that includes big businessmen as. well as the small cultivators or borrowers. The cost of borrowing is usually less.