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Why do we need to expand formal sources of credit in india ? give three reason |
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Answer» There is need to expand formal sources of CREDIT in India as: (i)This would lead to higher incomes and many people could then BORROW cheaply for a variety of needs. (ii)They could GROW crops, do business, set up small-scale industries etc. (iii)They could set up new industries or trade in goods. |
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