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What the role of credit for …

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What the role of credit for development

Posted by Pooja Kumari 6 years, 9 months ago

CBSE > Class 10 > Social Science

3 answers

Saumya Saini 6 years, 9 months ago

) It helps in increasing economic activities of the country; thus, helps in its development. (ii) If credit is made available to the poor people at reasonable rates, they can improve their economic condition. It will further improve their standard of living and overall development. (iii) Credit helped in the development of secondary sector or manufacturing sector.

Kapil Kapil J 6 years, 9 months ago

Credit plays a cruical role in development

Sunil Kumar Saroj 6 years, 9 months ago

Ans-1.Farmers can purchase modern inputs like fertilisers,seeds,pesticides machines with credit. 2.Traders and businessman can expand their business through credit.

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