Social Sciences, asked by swatichouhan27, 1 year ago

what is formal sector loans

Answers

Answered by shahjahankhan780

Answer:

FORMAL sector loan include banks and cooperatives whereas, the informal lenders includes money lenders, traders, employees, relatives and friends. ... Banks require documentation and collateral whereas, the loans from informal sources do not require any such collateral.

Answered by shaileshbirajdar6

Answer:

Formal sector loans are such loans which are taken either from the bank's or the co -operative .

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