Social Sciences, asked by suyash1411, 1 year ago

why are most of the poor household deprived of the formal sector of loans
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Answers

Answered by Devenderkumar999
0

wajahatkincsem; Virtuoso. They are deprived from the formal sector of ...

Answered by bhuvanhazard
0
Because, Formal sector consist of cooperative banks under government they gives loan based on your Assets. They also provide low interest .So poor households is dependent on this sector.
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