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Why is cheap and affordable credit …

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Why is cheap and affordable credit is important for country development

Posted by Ankur Pandey 3 years ago

CBSE > Class 10 > Social Science

2 answers

Omya Aryan 3 years ago

It will reduce the dependency from informal sources of credit.

0Thank You

Adinan Muhammed'S 3 years ago

Banks and cooperative societies need to lend more. This would lead to higher incomes and many people could then borrow cheaply for a variety of needs. They could grow crops, do business, set up small scale industries etc. They could set up new industries or trade in goods.

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