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how is cheap credit crucial for country's development?
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how is cheap credit crucial for country's development? Related: Previ...
*Cheap credit plays a crucial role for the country’s development.

*Reasons are:

(i) Cheap and affordable credit leads to higher incomes and encourage people to invest in agriculture, engage in business and set up small scale industries.

(ii) Cheap credit reduces the dependence on informal sources.

(iii) credit also ends the cycle of debt trap and lead to sustainable economic activity.
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how is cheap credit crucial for country's development? Related: Previous Year Questions - Money and Credit?
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