Question

what is th role of credit for development

Answer 1

credit plays a crucial role in country 's development. By sanctioning loans to developing industries and trade, banks provide them with the necessary aid for improvement.

Answer 2

Answer:

HERE IS YOUR ANSWER DEAR..

Explanation:

1. Credit meets the working capital for production.

2. Credit helps the producers to meet the ongoing expenses of production.

3.Farmers and industrialists need credit to expand their business and to purchase new tools and equipments.

4. With the help of credit a person can purchase a house, bike, car and other house hold implements.