Why we need to expand formal sources of credit in Indiat?
Answers
Answered by
2
Hey..
Cheap and affordable credit is important for the country's development because of the following reasons :-
a)This would lead to higher incomes and many people could then borrow cheaply for a variety of needs .
b)They could grow crops, do business, set up small scale industries at sector .
c)They could set up new industries or trade .All these lead to country's development .
I hope it will help uh...
Cheap and affordable credit is important for the country's development because of the following reasons :-
a)This would lead to higher incomes and many people could then borrow cheaply for a variety of needs .
b)They could grow crops, do business, set up small scale industries at sector .
c)They could set up new industries or trade .All these lead to country's development .
I hope it will help uh...
Similar questions