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Different between formal and informal sectors??

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Posted by Kanika Jangra 6 years, 4 months ago

Khushi S 6 years, 4 months ago

Formal- it provide loan at lower rate , collateral is reruired , organised by RBI , it include banks and cooperatives

Khushi S 6 years, 4 months ago

Informal - it charge higher rate , collateral is not required , no organisers , it include money lenders, relatives , friends

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