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With the help of one example can you explain the role of credit for development?

Posted by ?Sona ? 5 years, 11 months ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 5 years, 11 months ago

(i) 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.

2Thank You

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