What are the various sources of credits in formal and informal sector

1.	What are the various sources of credits in formal and informal sector ?(5points)
Answer» EXPLANATION: The MAIN motive of FORMAL SOURCES is social welfare WHEREAS the main motive of informal sources is profit-making. Banks and cooperatives are the example of formal sources and moneylenders, traders, employees, friends and relatives etc are the example of informal sources

What are the various sources of credits in formal and informal sector ?(5points)

Answer»

The MAIN motive of FORMAL SOURCES is social welfare WHEREAS the main motive of informal sources is profit-making. Banks and cooperatives are the example of formal sources and moneylenders, traders, employees, friends and relatives etc are the example of informal sources

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What are the various sources of credits in formal and informal sector ?(5points)

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