Social Sciences, asked by shivaligoel83, 6 months ago

why should RBI work on increasing more formal sector to provide loans

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Answered by s02371joshuaprince47

Answer:

It is a known fact that a large part of the Indian economy is informal. ... liability – are in what might be called the 'hard core' formal sector in the sense of ... Importantly, credit registries and bureaus do not just increase the amount ... Further, lenders can compete and offer attractive rates to borrowers.those that are so 'incorporated' constitute the formal financial sector and ... and made recommendations for instituting/ improving collection of statistics on the ... Hire Purchase Finance, Loans, Investments, Mutual Benefit Finances , ... This information would provide the flow of funds within the informal sector .

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