Social Sciences, asked by Tapas9924, 3 months ago

Why is the supervision of functioning of formal sources of loan necessary

Answers

Answered by samarendradas6969

3

Answer:

The supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people. Also, the banks should follow the right procedures of borrowing and lending money.

Answered by itzdreamer44

2

The supervision of the functioning of the formal sources of credit is necessary because the banks should not only provide loans to rich sections of society but also to poor people. Also, the banks should follow the right procedures of borrowing and lending money.

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