Rural people needs more credit -SST 10th

Rural people needs more credit -SST 10th
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'Due to following reasons there is need to expand rural credit (i) The expansion of formal sources of rural credit is essential to save poor from the high rate of interest of moneylenders and debt-trap. (ii) Cheap and easily available credit can encourage self employment like small scale industries or business. It can lead to higher income and contribute to the country’s development. (b) Rural poors can get cheap loans from sources like cooperatives banks, Self Help Groups, regional rural banks, etc..
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Why do people in rural areas demand for credit? -SST 10th

Description : Why do people in rural areas demand for credit? -SST 10th

Last Answer : They demand for credit for crop production.

How are cooperatives functioning in the rural areas to solve the problem of credit? -SST 10th

Description : How are cooperatives functioning in the rural areas to solve the problem of credit? -SST 10th

Last Answer : . Besides banks, the other major source of cheap credit in rural areas are the cooperatives. . Members of a cooperative, pool their resources for cooperation in certain areas. . Cooperatives form ... provide loans to members. Once these loans are repaid, another round of lending can take place.

Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Description : Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Last Answer : There is a great need to expand formal sources of credit in rural India because there is no organization which supervises the credit activities of lenders in the informal sector. They lend at whatever interest rate they want and use unfair means of getting their money back.

Cheap and affordable credit is essential for poor households both in rural and urban areas.' -SST 10th

Description : Cheap and affordable credit is essential for poor households both in rural and urban areas.' -SST 10th

Last Answer : Cheap and affordable credit is essential for poor households: 1. The informal sector lends at a high-interest rate in rural areas so the cost for the borrower is much more. 2. When the cost of borrowing ... where the amount to be repaid is more than the borrower's income and he has to borrow more.

What is the main informal source of credit for rural households in India ? -SST 10th

Description : What is the main informal source of credit for rural households in India ? -SST 10th

Last Answer : The main informal source of credit is moneylenders for the rural households in India.

What are the various sources of credit in rural areas? Which one of them is the most dominant source of credit and why ? -SST 10th

Description : What are the various sources of credit in rural areas? Which one of them is the most dominant source of credit and why ? -SST 10th

Last Answer : In rural areas, there are both informal sources like moneylenders, traders, relatives etc. and formal sources of credit like commercial banks and cooperative societies. Informal sources are dominant: ... the previous loan. But usually, moneylenders only exploit the poor with high-interest rates.

What are the two main reasons for formal credit not being available to the rural poor ? -SST 10th

Description : What are the two main reasons for formal credit not being available to the rural poor ? -SST 10th

Last Answer : The two main reasons for formal credit not being available to rural poor are : (i) Absence of collateral and documentation is the main reason which prevents rural poor from getting bank loans. ... (ii) Cheap and affordable credit for rural poors is important for the country's overall development.

Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Description : Why do the rural borrowers depend on the informal sector for credit? -SST 10th

Last Answer : The rural borrowers depend on the informal sector for credit because : (i) Absense of collateral and documentation with rural borrowers. (ii) Flexible loans in term of timelines, interest rates, procedural ... the group is regular in savings for year or two, it can avail loan from the bank.

What are the various sources of credit in rural areas? -SST 10th

Description : What are the various sources of credit in rural areas? -SST 10th

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What is necessary to reduce the dependence on informal sources of credit in rural areas? -SST 10th

Description : What is necessary to reduce the dependence on informal sources of credit in rural areas? -SST 10th

Last Answer : It is necessary that banks and cooperatives increase their lending in the rural areas.

What is credit? Why is there a need for credit in rural areas? -SST 10th

Description : What is credit? Why is there a need for credit in rural areas? -SST 10th

Last Answer : Credit refers to an agreement in which the lender supplies the borrower with money, goods or services in return for the promise of future payment. There is a need for credit in rural areas for ... (iv) Rural people also take loans for starting small business and for the marriage of their daughters.

Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Description : Prove with an argument that there is a great need to expand formal sources of credit in rural India. -SST 10th

Last Answer : To expand formal sources of credit in rural India, dependence on informal sources of credit has to be reduced.

The second Green Revolution aims at increasing agricultural output to promote (1) Availability of easy credit to big farmers (2) Co-operative farming (3) Inclusive growth (4) Development of rural sector

Description : The second Green Revolution aims at increasing agricultural output to promote (1) Availability of easy credit to big farmers (2) Co-operative farming (3) Inclusive growth (4) Development of rural sector

Last Answer : (3) Inclusive growth Explanation: In the Indian context, the Second Green Revolution is a change in agricultural production widely thought necessary to feed and sustain the growing population on ... as partners of development instead of a mere beneficiary of some government schemes or programme.

During last five years, which of the following Institutions have extended the largest amount of fresh credit for agriculture in India among all the institutions given in the list ? (A) NABARD (Direct credit) (B) Commercial Banks (C) Cooperative Banks (D) Primary Agricultural Credit Societies (E) Regional Rural Banks and Local Area Banks

Description : During last five years, which of the following Institutions have extended the largest amount of fresh credit for agriculture in India among all the institutions given in the list ? (A) ... Cooperative Banks (D) Primary Agricultural Credit Societies (E) Regional Rural Banks and Local Area Banks

Last Answer : (E) Regional Rural Banks and Local Area Banks

State the objectives of credit-cum-subsidy scheme of rural housing.

Description : State the objectives of credit-cum-subsidy scheme of rural housing.

Last Answer : This is a Rural Housing scheme to provide shelter to poor rural people who are living below poverty line (BPL). It is part credit and part subsidy-based scheme. Its objectives are i) To ... a house iv) All rural households having annual income of INR 32000 are covered under this scheme. 

In India, which bank has the highest share in the disbursement of credit to agriculture and allied activities? a) Cooperative Banks b) Regional Rural Banks c) Commercial Banks d) Microfinance institutions

Description : In India, which bank has the highest share in the disbursement of credit to agriculture and allied activities? a) Cooperative Banks b) Regional Rural Banks c) Commercial Banks d) Microfinance institutions

Last Answer : Answer- c

The second Green Revolution aims at increasing agricultural output to promote (1) Availability of easy credit to big farmers (2) Co-operative farming (3) Inclusive growth (4) Development of rural sector

Description : The second Green Revolution aims at increasing agricultural output to promote (1) Availability of easy credit to big farmers (2) Co-operative farming (3) Inclusive growth (4) Development of rural sector

Last Answer : Inclusive growth

I am going through a divorce, my ex-wife needs to refinance,but we owe more than the house is worth we have a 1st&2nd fixed and never missed a payment in 10 yrs.also have a 740 credit score what can she do need my name off of the house.owe 300k worth 250k?

Description : I am going through a divorce, my ex-wife needs to refinance,but we owe more than the house is worth we have a 1st&2nd fixed and never missed a payment in 10 yrs.also have a 740 credit score what can she do need my name off of the house.owe 300k worth 250k?

Last Answer : You cannot get your name off the mortgage unless you refinance. You may be able to have her refinance the home if you sign a note for the difference between what she can finance for and what is owed. You can also contact the first and second lienholders and request a short sale without recourse.

Your firm has a philosophy that is analogous to the hedging (maturity matching) approach. Which of the following is the most appropriate non-spontaneous form for financing the excess seasonal current asset needs? A. Trade credit. B. 6-month bank notes. C. Accounts payable. D. Common stock equity.

Description : Your firm has a philosophy that is analogous to the hedging (maturity matching) approach. Which of the following is the most appropriate non-spontaneous form for financing the excess seasonal current asset needs? ... credit. B. 6-month bank notes. C. Accounts payable. D. Common stock equity.

Last Answer : B. 6-month bank notes.

Why should the banks and cooperatives societies provide more loan facilities to the rural households in India? -SST 10th

Description : Why should the banks and cooperatives societies provide more loan facilities to the rural households in India? -SST 10th

Last Answer : The banks and cooperative socities more lian facilties to the rural houshold in india its reason are 1. the formal source of credit is low interest rate to the poor household 2. the poor houshold taking ... to banks 4. the formal source of credit is not discriminated the rich and poor hope it help!

How can we create more employment in secondary and tertiary sectors in rural India ? -SST 10th

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Last Answer : (i) We can create more jobs in the secondary sector by promoting industries such as dal mills. (ii) By promoting cottage and handicraft industries to employ the villagers. By establishing ... must be promoted to generate employment. (v) Building Multi-purpose Projects can create employment.

How to create more employment in rural areas ? -SST 10th

Description : How to create more employment in rural areas ? -SST 10th

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In Tamil Nadu, 75% of the people living in rural areas use a ration shop, whereas in Jharkhand only 8% of rural people do so. -SST 10th

Description : In Tamil Nadu, 75% of the people living in rural areas use a ration shop, whereas in Jharkhand only 8% of rural people do so. -SST 10th

Last Answer : Health and nutritional status of people depends on availability of cheap and reasonable quality food grains, sugar and other item from the PDS system. So, in Kerala, the people will be better off, since more people there unities the facilities provided by the PDS system.

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Last Answer : Tamil Nadu Because of public facilities development in Tam Nadu is better. It is closely linked to public facilities in West Bengal, all the poor people cannot get good food because of the very ... the literacy rate decreases. Thus, West Bengal is regarded as less developed than that of Tamilnadu.

What is the rationale for decentralization of power ? Describe the functions of Rural Local Government. -SST 10th

Description : What is the rationale for decentralization of power ? Describe the functions of Rural Local Government. -SST 10th

Last Answer : (1) (i) The rationale behind decentralisation is to ensure community participation for proper growth and development of the community itself. It is aimed to ensure social, economic and political ... and maintaining public buildings, grazing lands, forest, public wells and tanks in good conditions.

What is meant by proto-industrialisation ? How did it affect the rural peasants and artisans ? -SST 10th

Description : What is meant by proto-industrialisation ? How did it affect the rural peasants and artisans ? -SST 10th

Last Answer : It was the phase of industrialisation before the Industrial Revolution, where there was large- scale industrial production for an international market which was not factory based. Impact: (i) Full ... income from cultivation. It also allowed them a fuller use of their family labour resources.

Mention any two developmental goals of a landless rural labourer. -SST 10th

Description : Mention any two developmental goals of a landless rural labourer. -SST 10th

Last Answer : (i) More days of work and better wages. (ii) Quality education for his children.

Mention any two developmental goals of a rural women. -SST 10th

Description : Mention any two developmental goals of a rural women. -SST 10th

Last Answer : (i) Dignity in the household. (ii) A safe and secure environment.

Suggest some ways which can be helpful in creating employment in rural areas. -SST 10th

Description : Suggest some ways which can be helpful in creating employment in rural areas. -SST 10th

Last Answer : (i) Diversification of agriculture: More than 60 per cent of our workers are employed in agriculture. But our farmers are producing only limited crops. There is need to diversify agriculture. ... forest areas, honey collection centres can be started where farmers can come and sell wild honey.

Enumerate the various causes of rural unemployment in India. -SST 10th

Description : Enumerate the various causes of rural unemployment in India. -SST 10th

Last Answer : (i) Lack of skill and education : The most important factor responsible for rural unemployment is lack of education and skill. (ii) Domination of primary sector : Most of the ... are dependent on agriculture for their livelihood. Chances of disguised unemployment are very high in agriculture.

Imagine yourself as a member of a rural Self Help Group. -SST 10th

Description : Imagine yourself as a member of a rural Self Help Group. -SST 10th

Last Answer : Open ended question: Students will come up with their own plan.

Dhananjay is a government employee and belongs to a rich household whereas Raju is a construction worker and comes from a poor rural household. Both are in need and wish to take loan. -SST 10th

Description : Dhananjay is a government employee and belongs to a rich household whereas Raju is a construction worker and comes from a poor rural household. Both are in need and wish to take loan. -SST 10th

Last Answer : Dhananjay will be able to get loan from a formal source. Arguments: Banks are not present everywhere in rural India. Even when they are present, getting a loan from a bank is much more ... the other hand, know the borrowers personally and hence are often willing to give a loan without collateral.

Self-help Groups support has brought about a revolutionary change in the rural sector. -SST 10th

Description : Self-help Groups support has brought about a revolutionary change in the rural sector. -SST 10th

Last Answer : . The idea is to organize rural poor, in particular women, into small Self Help Groups (SHGs) and pool their savings. Members can take small loans from the group itself to meet their needs. ... to discuss and act on a variety of social issues such as health, nutrition, domestic violence etc.

Which local industries in semi-rural areas can provide job opportunities for the unemployed? -SST 10th

Description : Which local industries in semi-rural areas can provide job opportunities for the unemployed? -SST 10th

Last Answer : . Setting up dal mills to procure and process pulses and then sell them in the cities. . Opening a cold storage could give an opportunity for farmers to store their products like ... will provide employment in industries located in semi-rural areas and not necessarily in large urban centres.

What are the various ways to provide employment opportunities in rural areas? -SST 10th

Description : What are the various ways to provide employment opportunities in rural areas? -SST 10th

Last Answer : . The government can spend some money or banks can provide a loan,To construct wells for irrigation. . Dams can be constructed along with canals, which will lead to a lot of employment generation. ... as a sector is improved every year, we can give additional employment to more than 35 lakh people.

What are the developmental goals of landless rural labourers, prosperous farmers and, farmers who depend only on rains? -SST 10th

Description : What are the developmental goals of landless rural labourers, prosperous farmers and, farmers who depend only on rains? -SST 10th

Last Answer : Developmental goals and aspirations for these farmers are different. 1.Landless Rural Labourers: They would like to have more days of work and better wages; local schools to provide quality education ... insurances on less premium and better facilities of life for them as well as their children.

what are the development goals forandless rural labours -SST 10th

Description : what are the development goals forandless rural labours -SST 10th

Last Answer : This answer was deleted by our moderators...

What was the effect of world economic crisis on rural India? -SST 10th

Description : What was the effect of world economic crisis on rural India? -SST 10th

Last Answer : Effects of world economic crisis on rural India are: . The indebtedness of Indian peasants increased. They used up their savings, mortgaged lands and sold whatever jewellery and precious metals ... when Mahatma Gandhi launched the Civil Disobedience Movement at the height of the depression in 1931.

Why is it necessary that banks and co-operatives increase their lending in rural areas ? Explain. -SST 10th

Description : Why is it necessary that banks and co-operatives increase their lending in rural areas ? Explain. -SST 10th

Last Answer : 1. The formal sector i.e. the banks and the cooperatives need to engage more in the lending activities because of the disadvantages posed by the informal sector. 2. There is no organisation ... business, set up small scale industries etc which would add to the development aspect of a country.

Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas ? Explain. -SST 10th

Description : Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas ? Explain. -SST 10th

Last Answer : Banks and cooperatives should increase lending facilities in rural areas: 1. The informal sector lends at a high-interest rate in rural areas so the cost for the borrower is much more. 2. When the cost ... where the amount to be repaid is more than the borrower's income and he has to borrow more.

Amrita is a government employee and belongs to a rich urban household whereas Rani works as a helper on a construction site and comes from a poor rural household. Both have a crisis at home and wish to take loan. -SST 10th

Description : Amrita is a government employee and belongs to a rich urban household whereas Rani works as a helper on a construction site and comes from a poor rural household. Both have a crisis at home and wish to take loan. -SST 10th

Last Answer : Amrita, a government employee who belongs to a rich urban household would be successful in getting a loan from a formal source as compared to Rani who comes from a poor household and works as a ... poor often fail to get loans from these sources because of the lack of various terms of credit.

Self-help Groups support has brought about a revolutionary change in the rural sector.' Explain with suitable examples. -SST 10th

Description : Self-help Groups support has brought about a revolutionary change in the rural sector.' Explain with suitable examples. -SST 10th

Last Answer : Self-help Groups (SHG's) have brought about a revolutionary change in the rural sector because of its unique idea of selfsustenance and financial independence in the lives of the rural ... as reliable borrowers, these women have also showcased their ability to run income-generating activities.

Describe the role played by National Rural Employment Guarantee Act in improving the employment situation in India. -SST 10th

Description : Describe the role played by National Rural Employment Guarantee Act in improving the employment situation in India. -SST 10th

Last Answer : The National Rural Employment Guarantee Act, which is now called Mahatma Gandhi National Rural Employment Guarantee Act or MNREGA', has improved employment situation in rural India in the ... MNREGA has checked mass rural migration to urban centres for jobs and other livelihood opportunities.

Which are the two most common sources of energy in rural India? -SST 10th

Description : Which are the two most common sources of energy in rural India? -SST 10th

Last Answer : Firewood and cattle dung cake are the two most common sources of energy in rural India.

How is biogas produced? Why it is called ‘Gobar gas plant’ in rural area? -SST 10th

Description : How is biogas produced? Why it is called ‘Gobar gas plant’ in rural area? -SST 10th

Last Answer : (i) Biogas is produced from shrubs, farm waste, animal and human wastes.It is mostly used for domestic consumption in rural areas. (ii) Decomposition of organic matter yields gas, which has higher thermal ... It prevents the loss of trees and manure due to burning of fuel wood and cow dung cakes.

Explain any five points of significance of bio-gas generation in the rural areas of India. -SST 10th

Description : Explain any five points of significance of bio-gas generation in the rural areas of India. -SST 10th

Last Answer : (i) Biogas is produced from shrubs, farm waste, animal and human wastes.It is mostly used for domestic consumption in rural areas. (ii) Decomposition of organic matter yields gas, which has higher thermal ... It prevents the loss of trees and manure due to burning of fuel wood and cow dung cakes.

Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain. -SST 10th

Description : Why is it necessary for the banks and cooperative societies to increase their lending facilities in rural areas? Explain. -SST 10th

Last Answer : Most loans from informal lenders carry a very high interest rate and do little to increase the income of the borrowers. Hence, it is necessary that banks and cooperatives increase their lending ... the formal credit is distributed more equally so that the poor can benefit from the cheaper loans.

“Most of the poor households still depend on the informal sector for loans, both in rural and urban areas of India”. Support the statement with three examples. -SST 10th

Description : “Most of the poor households still depend on the informal sector for loans, both in rural and urban areas of India”. Support the statement with three examples. -SST 10th

Last Answer : '(i) Banks are not present everywhere in rural India. Even when they are present, getting a loan from a bank is much more difficult than taking a loan from informal sources. ... collateral. The borrowers can, if necessary, approach the moneylenders even without repaying their earlier loans.

How can biogas solve the energy problem mainly in rural India? -SST 10th

Description : How can biogas solve the energy problem mainly in rural India? -SST 10th

Last Answer : Biogas to solve energy problem: (i) Availability of raw material. (ii) Awareness to be created about biogas. (iii) It will reduce the burden on conventional sources of energy. (iv) ... ) Eco-friendly. (vii) Model structures to be introduced by the government agencies at a subsidised rate.

Describe the rural roads in India ? -SST 10th

Description : Describe the rural roads in India ? -SST 10th

Last Answer : (i) Rural roads link ruler areas and villages with towns. (ii) These roads received special impetus under the Pradhan Mantri Grameen Sadak Yojna. (iii) Special provisions are made so that every village in the country is linked to a major town in the country by an all season motorable road.