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Question

Under the Paavala Vaddi scheme, self-help groups charge as interest for every 100 rupees, while moneylenders charge as interest.

A
10 paisa
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B
3 rupees
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C
25 paisa
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D
5 rupees
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Solution

The correct options are
B 3 rupees
C 25 paisa
The government of Andhra Pradesh has formulated a scheme named Paavala Vaddi for low income earners. Under this scheme, self-help groups charge 25 paisa as interest for every 100 rupees, while moneylenders charge 3 rupees as interest for every 100 rupees.

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