Social Sciences, asked by rajratnesh1012, 6 months ago

why should cheap credit be available to all​

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Answered by viny10
8

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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. Cheap credit would also allow weaker sections of society to enter formal sector of lending and rid them of exploitation at the hands of informal moneylenders.

Answered by sunitameena45647
3

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