Why is cheap and affordable credit important for the country's development
Answers
Answered by
2
if the credit is affordable and cheap,
1. the Weaker section and poor people will get credit easily.
2. it will prove beneficial for development.
1. the Weaker section and poor people will get credit easily.
2. it will prove beneficial for development.
yug102:
my pleasure
Answered by
0
Cheap credit means more income would be left with the borrower to
reinvest rather than return as interest. This leads to acceleration of
economic activity.
More lending would lead to higher incomes and encourage people to invest in agriculture, engage in business and set up small scale industries.
More lending would lead to higher incomes and encourage people to invest in agriculture, engage in business and set up small scale industries.
If you like my answer please mark as brainliest answer and rate it
Similar questions