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Why should credit at reasonable rates be available for all?

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प्रश्न

Why should credit at reasonable rates be available for all?

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उत्तर

Credit at affordable rates should be available to everyone because it allows poor borrowers to obtain loans with reduced interest rates. It enables individuals to progress, raise their revenue, and protect themselves from the clutches of local money lenders. As a result, we can conclude that accessible credit at affordable rates supports financial stability, economic progress, and personal empowerment.

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पाठ 3: Money and Credit - Intext Questions [पृष्ठ ५०]

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एनसीईआरटी Social Science Understanding Economic Development [English] Class 10
पाठ 3 Money and Credit
Intext Questions | Q 2. | पृष्ठ ५०
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