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What is the role of credit …

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What is the role of credit for development

    • Posted by Himanshu Gupta 6 years ago

    CBSE > Class 10 > Social Science
    • 3 answers

    Ashutosh Das 6 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 6 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 6 years ago

    Cheap and affordable credit is important for country's development

    0Thank You

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