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What is the role of credit for development |
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Answer» 1-It helps middle class people to get rid of Maruti Rents and to buy own home for them.2- It helps the poor farmer to get cheap credit to buy resources for agricultural production.3- It helps Businessman to expand their business activities and earn greater profits.4- it helps farmers to invest in allied agricultural activities for example poultry farm ,dairy farm etc5- it also helps people to give their children better and quality education. It encourages people from the weaker section of the society to prefer formal sector for fulfilling their needs 2 it was to help poor farmers to to fulfill their basic needs a and on and on hiring come .. increase in investment rates which lead to growth of economic activities... Cheap and affordable credit is important for country\'s development |
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