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What is the role of credit for development

Posted by Himanshu Gupta 8 years ago

CBSE > Class 10 > Social Science

3 answers

Ashutosh Das 8 years ago

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 etc 5- it also helps people to give their children better and quality education.

1Thank You

Harjan Preet 8 years ago

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...

1Thank You

Harjan Preet 8 years ago

Cheap and affordable credit is important for country's development

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