Analyse the role of credit for development.
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Credit plays a crucial role in a country's development. By sanctioning loans to developing industries and trade, banks provide them with the necessary aid for improvement. This leads to increased production, employment and profits. ... (iii) Credit helped in the development of secondary sector or manufacturing sector.
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Credit plays a crucial role in a country's development. By sanctioning loans to developing industries and trade, banks provide them with the necessary aid for improvement. This leads to increased production, employment and profits. Credit helped in the development of secondary sector or manufacturing sector.....
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