How the public sector generate financial resources for development?
Answers
Answer:
the public package internal financial resources for development by the government institution of the college school and improving the condition of
Explanation:
• Public Sector and Capital Formation: The role of public sector in collecting saving and investing money during the planning years has been very important. During the first and second five year plan it was 54% of the total investment, which declined to 24.6 % in the 2010-11.
• Employment Generation: Public sector has created millions of jobs to tackle the unemployment problem in the country. The number of persons employed in the as on march 2011 was 150 lakh. Public sector has also contributed a lot towards the improvement of working and living conditions of workers by serving as a model employer.
• Balanced Regional Development: Public sector undertakings have located their plants in backward parts of the county. These areas lacked basic industrial and civic facilities like electricity, water supply, township and manpower. Public enterprises have developed these facilities thereby bringing about complete transformation in the socio-economic life of the people in these regions. Steel plants of Bhilai, Rourkela and Durgapur; fertilizer factory at Sindri, are few examples of the development of backward regions by the public sector.