Question

anylyse the role of credit for development?​

Answer 1

Answer:

development is sustained by a proper credit policy. by giving loans to agriculture, industry and trades, Bank provide them with the necessary funds for carrying on there busness without problem relating to finance.this results in increase production and services,more employment and profits.

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Answer 2

Answer:

Credit plays a vital role in economic growth and development.

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 economic development.