which Agency is not Included informal loan sector of Agency?
Answers
Economies all over the world have an amply evident presence of ‘informal sector activities’, which provide employment, occupation and earnings to a sizable number of persons. In developing countries that are undergoing different stages of development, such activities are inevitable. Information on the extent and nature of informal sector provide valuable inputs in policy-making for improving the conditions and growth of these units. In this connection, on the advice of National Statistical Commission, the RBI set up a Committee on Informal Financial Sector Statistics under the Chairmanship of Prof. P. Venkataramaiah with the main objective to critically examine the current status of statistics on the Informal Financial Sector and recommending a statistical system for instituting/improving collection of statistics on the sector.