Economy, asked by ISHaan1888, 10 months ago

why do you think that the share of formal sector credit is higher for the rich households compared to the poorer household

Answers

Answered by Chandra1972
3

Explanation:

The share of the formal sector credit is higher for the richer households because the richer households are in a better position to provide collateral and other necessary documents which are required by the banks and co-operatives.

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