What is the supervision of the functioning of formal sources of loans necessary?
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Although formal sector is the most trusted one, it can sometimes be unfair. For eg, most of the formal sectors nawadays are willing to give their loans to large companies or businesses, which have sure possibility of high returns. Supervision enables the provision of loans to the poor and needy as well. Moreover, supervision on proper maintenance of cash balance will ensure benefits to both lenders and borrowers
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