During natural calamities, the rural poor

Avail subsistence crops

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Enjoy basic requirements

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Receive income from small holdings

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Fail to repay the loans

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Solution

The correct option is D
Fail to repay the loans

A large section of the rural poor in India are the small farmers who are not in a position to improve their standard of living conditions. Added to this, natural calamities affect their production and hence, they are not be able to repay their loans.

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Similar questions

Q. Mukesh took a loan from the local moneylender to meet his farming needs. Given the heavy rains, his crops failed but he was still bound to repay the loan at the agreed terms. To repay the loan, he took another loan from his friends. In the next year, he had normal crop but not enough to clear the debts.

How can the government help poor farmers in such a situation of debt trap?

Q. What is 'financial inclusion'?
A. Easy access to bank accounts for safe parking of savings
B. Availability of cheap credits through appropriately designed loans for poor and low income households and small entrepreneur
C. Availability of basic financial products like insurance

Q. Read the following passage carefully and answer the given questions. Certain words/phrases are given in bold to help you locate them while answering some of the questions.
Which of the following can be said about Grameen?
A. Its success in developing countries will ensure its success in developed countries.
B. It ensures that the poor in developing countries enjoy a subsistence standard of living.
C. It has demonstrated that the poor are far more likely to repay loans than the affluent.

Q. The government started the ___________ to ensure the crop against natural calamities.

4. Consider the following statements,

1] PradhanMantriFasalBimaYojana (PMFBY) Provide comprehensive insurance coverage against crop loss on account of non-preventable natural risks, thus helping in stabilising the income of the farmers and encourage them for adoption of innovative practices.

2] The PMFBY is compulsory for loanee farmers availing crop loans for notified crops in notified areas and voluntary for non-loanee farmers.

Which of the above statements is/are incorrect?

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During natural calamities, the rural poor

The correct option is D Fail to repay the loans A large section of the rural poor in India are the small farmers who are not in a position to improve their standard of living conditions. Added to this, natural calamities affect their production and hence, they are not be able to repay their loans.

The correct option is D
Fail to repay the loans

A large section of the rural poor in India are the small farmers who are not in a position to improve their standard of living conditions. Added to this, natural calamities affect their production and hence, they are not be able to repay their loans.