Question
The aim of Differentiated Interest Scheme was to provide concessional loans to _______.
Answer: Option C
Answer: (c)The Differential Rate of Interest Scheme, formulated in March 1972, offers financial assistance at concessional rate of interest @ 4% to those who intend taking up any productive activity and has been tailored for persons whose income is very low. This scheme is meant for:• Persons belonging to SC/STs, Adivasis engaged in agricultural operations and/ or allied activities;• Persons engaged in collection of forest products, fodder and selling these in markets;• Persons engaged in Village and Cottage Industries on a very small scale; etc.
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Answer: (c)The Differential Rate of Interest Scheme, formulated in March 1972, offers financial assistance at concessional rate of interest @ 4% to those who intend taking up any productive activity and has been tailored for persons whose income is very low. This scheme is meant for:• Persons belonging to SC/STs, Adivasis engaged in agricultural operations and/ or allied activities;• Persons engaged in collection of forest products, fodder and selling these in markets;• Persons engaged in Village and Cottage Industries on a very small scale; etc.
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