Question

Why formal sector loans are need to expand

Answer 1

Answer:

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Here is ur answer......

We need to expand the formal sources of credit because of the following reasons;) (1) Formal sources of credit are less risky and they charge less rate of interest . (2) The RBI supervises the functioning of formal sources if loans. ... (4) They charge less interest interest on loans as compared to informal sectors.

Explanation:

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Answer 2

Answer:

Explanation:

because the formal sector have limited money to give loans so they are need expand