1.

Why do we need to expand formal sources of credit in India.​

Answer»

Explanation:

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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