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Name two formal and two informal sources of credit in India.

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Maths Tutor

Formal sources of rural credit in India are: i) Cooperative societies. ii) Commercial banks. Informal sources of rural credit in India are: i) Relatives and friends. ii) Local moneylenders.
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Primary Teacher

formal: bank ,co operativesinformal;moneylender,relativesadvantages:-low interests-less chances of being a fraud
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