Why is cheap an affordable credit …
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Posted by Preeti Yadav 7 years ago
- 2 answers
Nithin Goud 7 years ago
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Yogita Ingle 7 years ago
Cheap and affordable credit plays a crucial role for the country’s development.
Reasons are
(i) The credit helps people to meet the ongoing expenses of production and thereby develops their businesses in agricultural and industrial areas.
(ii) For middle-class people, loans help a lot in
constructing their houses and get rid of monthly rents.
(iii) It raises the standard of living and social status of the common man by enabling them to buy automobiles, electronic items, etc.
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