Role of the Credit System in the Economy

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Published: Dec 19, 2022
Keywords:
credit system credit relations economic growth stabilization of lending

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Zhumaev Panzhi Khurramovich
"Head of Credit Department" of Kashkadarya Regional Branch of joint-Stock Commercial Halyk Bank of the Republic of Uzbekistan
Ruziev Zafar Ikramovich
Associate Professor of Engineering - Economic Institutea

Abstract

One of the important components of the development of the country's economy is the increase in consumption by the population. The Credit Institute is a center for ensuring the solvency of different segments of the population. In addition, the growth of entrepreneurship in the country, the development of the industrial sector and nanotechnological production is also ensured by improving and strengthening production capacities, purchasing the latest equipment, creating new jobs for free qualified employees, which is ensured by attracting borrowed funds, i.e. through lending to legal entities and individuals.

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Zhumaev Panzhi Khurramovich, & Ruziev Zafar Ikramovich. (2022). Role of the Credit System in the Economy. The Peerian Journal, 13, 74–79. Retrieved from https://peerianjournal.com/index.php/tpj/article/view/429
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Vol. 13 (2022): TPJ
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Articles
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