Social Sciences, asked by 4444tclgpdi11h, 10 months ago

analyse the role of credit in development​

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Answered by abhirock51
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Answer:

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.

Answered by neetugoel798
0

Answer:

Analyse the role of credit fordevelopment. ... Credit availability at cheaper rates of interest encourages the business or firms to borrow more. Borrowing more money will facilitate the growth of business or increase in production in the economy. So, credit supply is the key factor for economicdevelopmen

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