what is the role of organised and unorganised sector in rural finance

he Indian money market is classified into: the organised sector (comprising private, public and foreign owned commercial banks and cooperative banks, together known as scheduled banks); and the unorganised sector (comprising individual or family owned indigenous bankers or money lenders and non-banking financial companies (NBFCs)). The unorganised sector and microcredit are still preferred over traditional banks in rural and sub-urban areas, especially for non-productive purposes, like ceremonies and short duration loans

ORGANISED SECTOR
1. COMMERCIAL BANK-A commercial bank (or business bank) is a type of financial institution and intermediary. It is a bank that lends money and provides transactional, savings, and money market accounts and that accepts time deposit.this bank give credit to rural people for work such as for farming or loan at a very low rate of intrest
2.COOPERATIVE BANK- cooperative ("coop"), co-operative ("co-op"), or coöperative ("coöp") is an autonomous association of persons who voluntarily cooperate for their mutual, social, economic, and cultural benefit.Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use its services (a consumer cooperative) and/or by the people who work there (a worker cooperative) or by the people who live there (a housing cooperative).this bank provide credit to its member at a very low rate of intrest
UNORGANISED SECTOR-
1. MONEYLENDERS-A moneylender is a person or group who offers small personal loans at high rates of interest.but as he know the borrower personally they provide loan to them without any collateral
2. NON BANKING FINANCIAL COMPANY-Non-bank financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. These institutions are not allowed to take deposits from the public. Nonetheless, all operations of these institutions are still exercised under bank regulation

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ORGANISED SECTOR -
1. COMMERCIAL BANK -A commercial bank (or business bank) is a type of financial institution and intermediary. It is a bank that lends money and provides transactional, savings, and money market accounts and that accepts time deposit.this bank give credit to rural people for work such as for farming or loan at a very low rate of intrest
2.COOPERATIVE BANK - cooperative ("coop"), co-operative ("co-op"), or co�perative ("co�p") is an autonomous association of persons who voluntarily cooperate for their mutual, social, economic, and cultural benefit.Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use its services (a consumer cooperative) and/or by the people who work there (a worker cooperative) or by the people who live there (a housing cooperative).this bank provide credit to its member at a very low rate of intrest
UNORGANISED SECTOR -
1. MONEYLENDERS -A moneylender is a person or group who offers small personal loans at high rates of interest.but as he know the borrower personally they provide loan to them without any collateral
2. NON BANKING FINANCIAL COMPANY -Non-bank financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. These institutions are not allowed to take deposits from the public. Nonetheless, all operations of these institutions are still exercised under bank regulation
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