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Use of institutional sources of credit

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Use of institutional sources of credit

    • Posted by Kushagra Garg 4 years, 9 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Yogita Ingle 4 years, 9 months ago

    •  Institutional sources include loans given by co-operatives, commercial banks including the SBI Group and RBI.
    • Institutional sources have proper systematic legal procedure while giving loans.
    • The interest rate charged in non institutional sources is very high as compared to institutional sources and people are exploited in institutional sources.

    0Thank You

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