Formal sector credit in india. 3. Sources of credit for rural households in India, 2003 Among the formal sector are loans from banks and cooperatives. The informal lenders include moneylenders, traders, employers, relatives and friends,
Banks are the formal sector of loans in India.
They are supervised by RBI.
They charge nominal rate of interest.
They give loan for productive purposes.
Banks are the backbone of an economy
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Formal sector credit in india. 3. Sources of credit for rural households in India, 2003 Among the formal sector are loans from banks and cooperatives. The informal lenders include moneylenders, traders, employers, relatives and friends,
Banks are the formal sector of loans in India.
They are supervised by RBI.
They charge nominal rate of interest.
They give loan for productive purposes.
Banks are the backbone of an economy