what does it mean plzz explain
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Heya !! ☺
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Cheap and affordable credit is crucial for the country's development because for the following reasons :-
1) More lending would lead to higher incomes and encourage people to invest in agriculture, engage in business and set up small industries.
2) Cheap credit will enable more investment, this leads to acceleration of economic activities.
3) Cheap credit would also allow weaker sections of society to access formal sector of lending and get rid of from informal moneylenders.
4) Affordable credit would also end the cycle of debt trap.
5) Cheap and easy terms of credit would inspire better investment in technology and thus increase competition.
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Hope my ans.'s satisfactory.
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Cheap and affordable credit is crucial for the country's development because for the following reasons :-
1) More lending would lead to higher incomes and encourage people to invest in agriculture, engage in business and set up small industries.
2) Cheap credit will enable more investment, this leads to acceleration of economic activities.
3) Cheap credit would also allow weaker sections of society to access formal sector of lending and get rid of from informal moneylenders.
4) Affordable credit would also end the cycle of debt trap.
5) Cheap and easy terms of credit would inspire better investment in technology and thus increase competition.
---------------------------------------------------------
Hope my ans.'s satisfactory.
abhijeet68:
aapka ans ..satisfactory se v 5 step up hai
u r brilliant
Hehe...agar 5 marks ka aaya to sufficient hai_!!
waise aap kon se class m hai..
thx alot...di
aap kon se class m ho..bole nh8
10th ...
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