Explain any two special schemes for developing industries in rural, backward and hilly areas.

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Solution

Two special schemes for developing industries in rural, backward and hilly areas are:

1. Priority financing: Under this scheme, commercial banks, co-operative banks, regional rural banks, KVIC and state financial corporations advance loans to small business operating in the above-said areas.

2. Provision of land industrial sheds: For establishing industries in rural, backward and hilly areas, the government provides land and industrial sheds for the industrial purpose at concessional rates.

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