Question

who are the informal lenders​

Answer 1

Answer:

Informal lenders are ones who are not regulated by the central bank such as RBI. Informal lenders give a loan at a higher rate. The local moneylenders, relatives, friends and finance companies that grant a loan to the people in need at higher interest rates are informal lenders

Explanation:

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Answer 2

Answer:

Informal lenders are ones who are not regulated by the central bank such as RBI...

Explanation:

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