Write disadvantage of informal sector
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In informal source of credit.
(1) loan are mainly provided by moneylenders
(2) they can exploit the creditor to take his farm
(3) loans interest is high as compared to formal sector of credit
Hope if will help you
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(1) loan are mainly provided by moneylenders
(2) they can exploit the creditor to take his farm
(3) loans interest is high as compared to formal sector of credit
Hope if will help you
Please Mark As Brainliest
Answered by
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Disadvantage of informal sector :-
→ loans are mainly provided by moneylenders , freinds or zamindars .
→ In informal source of credit borrowers are exploited.
→Borrowers have to pay high rate of interest.
→There is no legal management to govern it.
HOPE IT HELPS YOU
→ loans are mainly provided by moneylenders , freinds or zamindars .
→ In informal source of credit borrowers are exploited.
→Borrowers have to pay high rate of interest.
→There is no legal management to govern it.
HOPE IT HELPS YOU
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