Question

explain the role of credit for development with the help of one example​

Answer 1

Explanation:

(i) It helps in increasing economic activities of the country; thus, helps in its development. (ii) If credit is made available to the poor people at reasonable rates, they can improve their economic condition. It will further improve their standard of living and overall development.

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Answer 2

Answer:

Example:

It helps in increasing economic activities of the country; thus, helps in its development.If credit is made available to the poor people at reasonable rates, they can improve their economic condition. Credit helped in the development of secondary sector or manufacturing sector.

Explanation:

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