Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsPOVERTY3 Marks
Question
Explain steps to be taken for agricultural productivity and small scale industrial development.
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Answer
$(1)$ To Increase Agriculture productivity:
In India, most of population depends on agriculture and they live in village.
The low per capita agriculture Productivity is the main reason of their poverty.
With increase in productivity and income of agriculture a poverty can be reduced.
For that government arranged the public programmes, farmers are informed about upgraded technology, available resources at reasonable rates, improved infrastructural facilities, maximum price and regulated market for their product are given.
Through this development of agriculture will increase productivity per labour.
These programmes reduce poverty through two ways.
$(1)$ Price of food grains decrease. $(2)$ Employment opportunities increase.
This will be more advantageous to the poor and poverty can be reduced.
$(2)$ Development of Small Scale Industries:
There is a huge contribution of small and cottage industries in gross national income of India.
$80$ to reduce poverty, the importance Is given to small scale and cottage industry.
If small and cottage industry can be developed and encouraged they can reduce poverty on a large scale. Government has reduced the restriction on small scale industries and taking steps to provide proper market and bank loan at reasonable rate so that it can be developed easily.
Indian Government established $MUDRA ($Micro Unit Development & Refinance Ltd.$)$ on $8th$ April $2015.$
The main objective of $MUDRA$ is to provide loan to small scale industries.
Moreover from $2016$ the Government provide loan to new establish business under the concept of startup India.
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