Cheap credit important in development of country
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Answered by
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yes because cheap credit enables us to start a business ...
if Bank provide the credit cheap then the standard of life of men will be developed and he will be constructed house or rebuild his business
in this way his economy increases and there will be a development of country
if Bank provide the credit cheap then the standard of life of men will be developed and he will be constructed house or rebuild his business
in this way his economy increases and there will be a development of country
Answered by
2
yess.... Cheap and affordable credit plays a crucial role for the country’s development.
Reasons are
(i) The credit helps people to meet the ongoing tum expenses of production and thereby develops their businesses in agricultural and industrial areas.
(ii) For middle-class people, loans help a lot in
constructing their houses and get rid of monthly rents.
(iii) It raises the standard of living and social status of the common man by enabling them to buy automobiles, electronic items, etc.
here is ur answer I hope it will help u
Reasons are
(i) The credit helps people to meet the ongoing tum expenses of production and thereby develops their businesses in agricultural and industrial areas.
(ii) For middle-class people, loans help a lot in
constructing their houses and get rid of monthly rents.
(iii) It raises the standard of living and social status of the common man by enabling them to buy automobiles, electronic items, etc.
here is ur answer I hope it will help u
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