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What the role of credit for development |
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Answer» ) It helps in increasing economic activities of the country; thus, helps in its development.(ii) If credit is made available to the poor people at reasonable rates, they can improve their economic condition. It will further improve their standard of living and overall development.(iii) Credit helped in the development of secondary sector or manufacturing sector. Credit plays a cruical role in development Ans-1.Farmers can purchase modern inputs like fertilisers,seeds,pesticides machines with credit.2.Traders and businessman can expand their business through credit. |
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