Question

what do you mean by formal and informal source of credit​

Answer 1

Explanation:

here is your answer

formal sources follow the sources of credit that are registered by the government and they have to follow the rules and regulations ..

informal sources include those small small and scattered units which are largely outside the control of the government...

please follow me......

Answer 2

Answer:

formal source of credit. a) loans that are given by banks and cooperative Institute are called formal source of credit. b) The functioning of these banks are supervised by RBI. informal sources of credit. a) don't title given by money lenders friends and relatives are called informal source of credit.