what do you mean by institutional sources of credit? explain its objectives.Answer in points

Dear student, Institutional sources are formal sources of credit including loans given by co-operatives, commercial banks and being monitored by RBI. The objectives are as follows - (i) To reduce the importance of money lenders and to abolish them gradually from rural areas. (ii) To reduce regional imbalances. (iii) To avoid financial exploitation of borrowers. Regards