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Can u differentiate between formal and informal credit???? |
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Answer» Actually i m frm haryana bt i lives in delhi Formal source of credit is cheap and affordable , has low interest rates and requires terms of credit ( such as collateral ) while informal source of credit does not require any terms of credit but may have high rate of interest on it .... Ok Itni zaroorat nhi thi..?? Forma sector include...bank and cooperative societies......informal sector include friends and landlord etc..........RBI supervise the functioning of formal sector loan........No organisation is there who supervise the functioning of informal sector Hmm for.al given by banks or cooperative and informal given by landlords , reltaives , etc. Hello khushi from were are you |
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