Economy, asked by raomohit8654, 7 months ago

Why do you need expend formal sources of credit in indian

Answers

Answered by rajendrawange7

2

Answer:

There is need to expand formal sources of credit in India as: (i)This would lead to higher incomes and many people could then borrow cheaply for a variety of needs. (ii)They could grow crops, do business, set up small-scale industries etc. ... The formal sector credit in India includes loans from banks and cooperatives.

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