Question

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

Answer 1

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

Answer 2

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