Why should be the informal sector be discoraged?(credit)
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the informal sector should be discouraged because they charge a very high interest rate .
they charge the interset rates accordi g to their wishes.
if they dont get back the loan they may misbehave with the creditor.
it may also lead to debt trap.
people in rural areas are still dependent on informal sector.
they charge the interset rates accordi g to their wishes.
if they dont get back the loan they may misbehave with the creditor.
it may also lead to debt trap.
people in rural areas are still dependent on informal sector.
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