analyse the role of credit for development.
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hey mate here is the answer✨✨✨✨✨✨
→it helps in increasing economic activities of the country;thus, helps in it's development.
→people can buy houses.
→sanctioning loans to developing industries and trade, banks provide them with the necessary aid for improvement. This leads to increase in the production, profits and employment.
→it helps in increasing economic activities of the country;thus, helps in it's development.
→people can buy houses.
→sanctioning loans to developing industries and trade, banks provide them with the necessary aid for improvement. This leads to increase in the production, profits and employment.
amreenfatima78691:
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Analyse the role of credit for development. 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.
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