Social Sciences, asked by hvygygkymguhytyf, 11 months ago

what are the two main sources of formal sector loans in india? why do we need to expand formal sources of credit

Answers

Answered by riyajoshi29
3

Answer:

The two main sources of formal sector of loans in India are:-

  1. Banks
  2. SHGs

We need to expand formal source of credit so that it will increase better standard of living , increase economy of our country and also help in the work of social welfare .

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