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EXPLAIN THE NEED FOR EXPANDING FORMAL SECTOR CREDIT ESPECIALLY WITH RESPECT TO POOR AND RURAL HOUSEHOLDS

Dear Student,

Please refer a link for a similar query answered by expert:

https://www.meritnation.com/ask-answer/question/why-do-we-need-to-expand-formal-sources-of-credit/money-and-credit/2032014

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formal source of credit should be expanded there because they give very low rate of intrest than informal source of credit
and give a correct time to repay 
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