What is the main informal source of credit for rural households in India?(Delhi - 2013)
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The main informal source of credit is moneylenders for the rural households in India. Explanation: Most of the credit source in rural areas of India is from the informal sector out of which moneylenders constitute 30% according to a 2003 report.
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Answer:
- Money lenders
Money lenders are the main informal source of credit for rural household in India. Because in rural areas people can't access to banks and other financial institutions.
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