How did the government encourage entrepreneurs to develop industries in backward regions?

Provided subsidies

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Made huge investments

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Easy credit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Supplied raw material

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Supplied raw material
The government concentrated on the development of industries in backward regions as an objective of the five year plans. Surveys to identify potential locations were conducted and investments were made in such locations. The government also encouraged entrepreneurs through subsidies, credit, and the supply of electricity and raw materials.

Suggest Corrections

Similar questions

What are the incentives given by government to the industries set up in hurry, backward and rural areas?

Join BYJU'S Learning Program