What is informal sector?
Answers
Answered by
2
sector which doesn't involve government . like friend landlords and moneylenders
Answered by
2
Hii..
Here's some info about informal sector :-
1. These sector consists of loans from moneylenders, traders and friends.
2. They are not under the control of the RBI ( Reserve Bank of India).
3. The rates of interest is exorbitant.
4. It comprises 48% of the credit in our country.
5. It is mostly taken by poor rural households.
_______________
hope this helps !
Here's some info about informal sector :-
1. These sector consists of loans from moneylenders, traders and friends.
2. They are not under the control of the RBI ( Reserve Bank of India).
3. The rates of interest is exorbitant.
4. It comprises 48% of the credit in our country.
5. It is mostly taken by poor rural households.
_______________
hope this helps !
Similar questions