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small amount of money needed for business registry Source: MGI analysis 50 McKinsey Global Institute Synthesis Exhibit 15 DYNAMICS OF INFORMALITY Increasing effect on informality Diminishing effect on informality 1 Cost of being formal (...
Privacy Policy: https://www.indmoney.com/page/instacashpp Representative Example: Principal Amount: ₹100,000/- Interest Rate: 16% p.a (Reducing) PF: 2% + GST Tenure: 18 Months APR: 19.19% Total interest amount payable: ₹ 13,142/- Total amount disbursed: 97,640/- Total PF amount...