Credit has its own unique role for democracy
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it is for development not democracy.
Credit has its oum unique role for development because of following reasons
(i) Cheap and affordable credit lead to higher incomes and many people could then borrow cheaply for a variety of needs.
(ii) With credit people could grow crops, do business, set-up small scale industries etc.
(iii) People could set-up new industries or trade as well. All these activities lead to development of the country.
Credit has its oum unique role for development because of following reasons
(i) Cheap and affordable credit lead to higher incomes and many people could then borrow cheaply for a variety of needs.
(ii) With credit people could grow crops, do business, set-up small scale industries etc.
(iii) People could set-up new industries or trade as well. All these activities lead to development of the country.
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