Question

Government of India has launched special schemes for developing small scale industries in rural and backward areas. Explain any three such schemes and mention any two values involved in launching these schemes.​

Answer 1

Two special schemes for developing industries in rural, backward and hilly areas are -

1. Priority financing: under this scheme, commercial banks, co-operative banks, regional rural banks, KVIC and state financial corporation advance loans to small business operating in the above-said areas.

2. Provision for land industrial sheds: for established industries in rural, backward and hilly areas, the government provides land and industries sheds for the industrial purpose at concessional rates.

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