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Question
Differential rate of interest scheme was introduced in India in ______.
Differential rate of interest scheme was introduced in India in ______.
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Solution
The correct option is A 1972
Differential rate of interest scheme was implemented in all the commercial banks in India. Under this scheme, a few eligible people would get loans at concessional rates for their business. This scheme was intended to help people who are below poverty line and would help them to raise their standard of living.
Differential rate of interest scheme was implemented in all the commercial banks in India. Under this scheme, a few eligible people would get loans at concessional rates for their business. This scheme was intended to help people who are below poverty line and would help them to raise their standard of living.
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