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Cheap and afforable credit is crucial …

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Cheap and afforable credit is crucial for the countries development ? Explain.
  • 1 answers

Yogita Ingle 6 years, 10 months ago

Cheap and affordable credit is crucial:

  • Many people want to start an enterprise by borrowing may not do because of high cost of borrowing.
  • Banks and cooperative societies need to lend more.
  • This would lead to higher income and many people could then borrow cheaply for a variety of needs.
  • They could grow crops, do business or set up small scale industries.
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