Question

What is the impact of informal credit in rural india?
pls answer in 50-60 words

Answer 1

Answer:

Rural credit markets in India is characterised by the coexistence of both formal and

informal sources of finance and the market is fragmented. To discuss the informal

rural credit issue and to maintain consistency with All India Debt and Investment

Survey (AIDIS) data, this paper treats credit supplied by non-institutional agencies as

informal while institutional agencies as formal sources of credit. It covers both ‘All-

India Rural Credit Survey 1951-52’ (RBI, 1954) and ‘All-India Rural Debt and

Investment Survey 1961-62’ (RBI, 1965)

Explanation:

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