Economy, asked by Suvrojitbiswas, 1 year ago

cheap and affordable credit is crucial for country's development. Justify. (for 3 marks)

Answers

Answered by achyuthr
3

Hi friends.

• cheap and affordable credit gives an access to the poor to fulfil their daily needs.

•there would be an reduction in disparities as rich and poor that leads to country development.

•it plays an crucial role by fulfilling the needs of all developed and undeveloped people



Answered by prathamsoni860
1

Most of the farmer depends on informal sources of credit i.e, moneylenders, relatives, traders etc

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