Economy, asked by hanasheby, 1 year ago

what is the need for informal sources of credit

Answers

Answered by Anonymous

1

Heya...

Informal sources of credit like landlords , relatives , village Traders ...

Need of them...

* in banks there are lot's of ligall formalities which are not full filled by farmers...

* They need to give collateral with bank which can't be done by poor farmers...

So farmers are still forced to take credit from informal sources...

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