credit has its own unique role for development justify the statement with arguments
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a. Credit is necessary for a farmer to modernize agriculture. A farmer needs credit to buy agricultural land, HYV seeds, fertilizers etc...
b. Credit is necessary to start industrial units. Huge investment is needed for an industrial unit. Without credit one will not be able to make the investment.
c. Credit enables the people to set up shops and other commercial activities.
d. To construct houses and other buildings credit is necessary.
f. To buy costly consumer durables and vehicles credit is must.
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