Economics · Economy
Why is rural credit critical for rural development in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It helps farmers and small businesses access funds for production, assets, and development.✓
- 2It systematically decreases heavy industrial investment.
- 3It incentivizes rapid urban migration.
- 4It limits agricultural activities to subsistence farming.
Correct answer
It helps farmers and small businesses access funds for production, assets, and development.
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