Social Sciences, asked by rishika0279, 8 months ago

what are the formal factors of loans or credit ?​

Answers

Answered by Anonymous
1

Answer:

Money and Credit

(i)Formal sector loans are such loans which are taken either from the banks or the co-operatives. While informal sector loans are those which are taken from moneylenders, traders, employers, relative and friends.

Answered by lonelynaveen
1

Answer:

Cooperatives and commercial banks are the formal factors.

peace ✌️

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