How can the formal sector loans be made beneficial for poor farmers and workers? Suggest any five measures.
The formal sector credit in India includes loans from banks and cooperatives. RBI supervises their functions of providing loans. These formal sector credits can be made beneficial for poor farmers and workers through the following way:
i. Formal sector credit needs to be expanded in India so as to save people and especially poor farmers and workers from exploitation of the informal sector credit.
ii. Provide credit at a reasonable rate of interest to fulfil various needs of the people by providing cheap and affordable credit.
iii. This credit can be distributed equally which helps in benefiting the poor. This can help in promoting agricultural activities and small-scale industries.
iv. The absence of collateral and documentation with rural borrowers would ease the formalities to obtain credit from the formal sector. Provide flexible loans in terms of
timelines, interest rates and procedural requirements to rural borrowers.
v. Awareness among rural borrowers against the exploitation of informal sector credit facilities. The need to keep them aware regarding the high rate of interest and debt traps of moneylenders.
“Napoleon had destroyed democracy in France but in the administrative field he had incorporated revolutionary principles in order to make the whole system more rational and efficient.” Analyse the statement with agreements.
OR
“The peace negotiations in Geneva followed the division of Vietnam that set in motion a series of events that turned Vietnam into a battle field.” Analyse the statement with agreements.
“Democracy stands much superior in promoting dignity and freedom of the citizens”. Justify.
On the given political outline map of India, locate and label the following with appropriate symbols:
A. Oil Field - Digboi
B. Iron and Steel Plant – Bhilai
C. Major Sea Port - Kochi
How did the Civil Disobedience Movement come into force in various parts of the country? Explain with examples.
“Roadways still have an edge over railways in India.” Support the statement with arguments.
“Political parties are a necessary condition for a democracy”. Analyse the statement with examples.
Three Features A, B and C are marked on the given political outline map of India. Identify these features with the help of the following information and write their correct names on the lines marked in the map:
A. The place where the cotton mill workers organized Satyagraha.
B. The place related to the calling off the Non – Cooperation Movement.
C. The place where the Indian National Congress Session was held.
