Question

What are informal sector Loan's

Answer 1

Answer:

Informal sector loans:

informal sector loans from moneylenders traders employers relatives friends etc features for informal loans are there credit are not governed by any organisation therefore they charged in high rate

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Answer 2

Explanation:

Informal Sector Loans : Informal sector loans include loans from moneylenders, traders, employers, relatives, friends etc. Features for informal sector loans are : (i) Their credit activities are not governed by any organisation, therefore they charge higher rate of interest

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