Explain the role of micro-credit in meeting credit requirements of the poor.
Micro credit refers to credit and other financial services provided to the poor through Self Help Groups (SHGs) and non government organisations. The Self Help Groups are playing a crucial role in meeting the credit requirements of the poor by inculcating saving habits among the rural households. The individual savings of many farmers are pooled together to meet the financial requirements of the needy members of the SHGs. The members of these groups have been linked with the banks. In other words, SHGs enable the economically poor individual to gain strength as part of a group. Also, the financing done through SHGs reduces transaction costs for both the lenders and the borrowers. The National Bank for Agricultural and Rural Development (NABARD) played a key role in providing credit at special concessional rates. Presently, more than seven lakhs SHGs are operating across different rural areas. SHGs' programmes are becoming popular among the small and marginal borrowers owing to their informal credit delivery mechanism along with minimum legal formalities.
Explain the steps taken by the government in developing rural markets.
Distinguish between ‘Green Revolution’ and ‘Golden Revolution’.
Why is agricultural diversification essential for sustainable livelihoods?
Discuss the importance of credit in rural development.
Bring out the importance of animal husbandry, fisheries and horticulture as a source of diversification.
What is organic farming and how does it promote sustainable development?
Critically evaluate the role of the rural banking system in the process of rural development in India.
What do you mean by rural development? Bring out the key issues in rural development.
Identify the benefits and limitations of organic farming.
Explain the role of non-farm employment in promoting rural diversification.
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What are the two major sources of human capital in a country?
Define a plan?
Who is a worker?
Explain the term ‘infrastructure’.
What is meant by environment?
Why are regional and economic groupings formed?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
Name some notable economists who estimated India’s per capita income during the colonial period?
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
While subsidies encourage farmers to use new technology, they are a huge burden on government finances. Discuss the usefulness of subsidies in the light of this fact.
Define a plan?
‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.
What is the sectoral composition of an economy? Is it necessary that the service sector should contribute maximum to the GDP of an economy? Comment.
What is the meaning of quantitative restrictions?
Underscore some of India’s most crucial economic challenges at the time of independence.
Do you think outsourcing is good for India? Why are developed countries opposing it?
Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources.