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What are the two categories of sources of credit write four features of each |
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Answer» I need a girlfriend Informal,. It charge higher rate. Collateral is not required. No organisers . It include moneylenders,relatives, friends. Formal,. It provide loans at lower rate. Collateral security is required for loan . Organized by RBI. It include banks and cooperatives Formal sector credit and informal sector credit. |
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