analyse the role of credit for development
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Answer:
Development is sustained by a proper credit policy. By giving loans to agriculture, industry and trade, banks provide them with the necessary funds for carrying on their business without problems relating to finance. This results in increased production and services, more employment and profits.
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Explanation:
The role of credit for development
It helps to expand the business, if we have low money. It plays an positive role for development.
It helps to increasement in GDP. Bank give the loan in low interest . It may be house loan, car loan etc. Therefore credit is helpful...
credit is also helpful for farmers for growing crop if they have no money.....
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