banks are playing an important role in the development of indian economy support the statement with examples
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→Credit provided by the banks for govt. projects help in the dev. of nation.
→Banks provide loans for the promotion of International trade.
→Development of infrastructure is undertaken with the loans provided by banks.
vinayakaranganath:
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Bank are playing a important role in the development of of indian economy–
●they provide cheap and small loans to the farmer and the rural people in low interest when compared to the informal sectors.
●some times govt. tell the banks to pardon the loans when some people can't pay it when reason are given regarding it .
●govt.also introduce many scheme like "pradhan mantri mudra yojna " in which rural people get money from the govt. in there bank accounts improve their livelihoods.
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