Social Sciences, asked by sree712, 1 year ago

what is formal and informal credit

Answers

Answered by Anonymous

5

Landlords, moneylenders, traders, relatives, friends and other sources ofcredit constitute the informal sector ofcredit. The formal sector provides only marginally more credit than theinformal sector currently. The creditactivities of the formal sector are supervised by the Reserve Bank of India.

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Answered by darshanjeyakuma

1

Landlords, moneylenders, traders, relatives, friends and other sources ofcredit constitute the informal sector ofcredit. The formal sector provides only marginally more credit than theinformal sector currently. The creditactivities of the formal sector are supervised by the Reserve Bank of India.

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