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What is Indigenous Banking System in India about?

The indigenous banking system in India encompasses traditional financial practices that have evolved within specific communities, providing essential services such as credit, savings, and risk management. Historically, it has included various methods like the Shreni system, hundi transactions, and informal lending practices, fostering economic cooperation and community development. Despite its cultural significance, the system faces challenges such as limited accessibility, lack of formal documentation, and

Author
swapna somayaji
Language
EN

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