Cheap and afforable credit is crucial for the countries development ?

1.	Cheap and afforable credit is crucial for the countries development ? Explain.
Answer» Cheap and affordable credit is crucial:\tMany people want to start an enterprise by borrowing may not do because of high cost of borrowing.\tBanks and cooperative societies need to lend more.\tThis would lead to higher income and many people could then borrow cheaply for a variety of needs.\tThey could grow crops, do business or set up small scale industries.

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