Social Sciences, asked by aamcharthi, 1 year ago

Cheap and affordable credit is crucial for the country's development. Explain

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Answered by sharinkhan
266

More lending would lead to higher incomes and encourage people to invest in agriculture, engage in business and set up small scale industries. This leads to acceleration of economic activity. It also allow weaker sections of society to enter formal sector of lending and rid them of exploitation at the hands of informal moneylenders.


Answered by rishabsreeni
191

here you go with the answer......

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