Social Sciences, asked by divyankasinha, 9 months ago

explain the importance of credit for economic development class 10

Answers

Answered by riddhimamishra314

Answer:

Credit plays a crucial role in a country's development :

It sanctions loans to developing industries and trade, banks provide them with the necessary aid for improvement. ... As it helps in increasing economic activities of the country; thus, it helps in its development.

Explanation:

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