Question

analyse the role of credit for development?

Answer 1

Someone who might want to start a new business or an enterprise might not do so due the high interest rates. So in this case, banks and co-operatives have to increase their lending. This will result in rising income levels of the people and now they can borrow cheaply for varied needs like starting a business or releasing mortaged land, etc.

Thank you!

Answer 2

Answer:

HERE IS YOUR ANSWER DEAR..

Explanation:

1. Credit meets the working capital for production.

2. Credit helps the producers to meet the ongoing expenses of production.

3.Farmers and industrialists need credit to expand their business and to purchase new tools and equipments.

4. With the help of credit a person can purchase a house, bike, car and other house hold implements.