why do we need to expand formal sources of credit in India ?
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Explanation:
There is need to expand formal sources of credit in India as:
(i)This would lead to higher incomes and many people could then borrow cheaply for a variety of needs.
(ii)They could grow crops, do business, set up small-scale industries etc.
(iii)They could set up new industries or trade in goods.
Answered by
3
Answer:
We need to expand formal sources of credit in India because :
It would lead to higher outcomes of income
They could hey could grow crops, do business, set up small-scale industries and many more
The formal sector credit in India includes loans from banks and cooperatives
Explanation:
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