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The aim of Differentiated Interest Scheme was to provide concessional loans to _______.
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- weaker section of the society
- Public Sector Industries
- Public Limited Companies
- big exports
- weaker section of the society
Correct Option: A
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.
