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Q83 (IAS/2011) Economy › Schemes, Inclusion & Social Sector › Inclusive growth strategies Answer Verified

Which of the following can aid in furthering the Government’s objective of inclusive growth? 1. Promoting Self-Help Groups. 2. Promoting Micro, Small and Medium Enterprises. 3. Implementing the Right to Education Act Select the Correct answer using the codes given below :

Result
Your answer: —  ·  Correct: D
Explanation

Inclusive growth aims to ensure that the benefits of economic development reach all sections of society, particularly the marginalized. Promoting Self-Help Groups (SHGs) fosters financial inclusion and empowers women, which is a core pillar of the Indian model of inclusive growth [2]. Micro, Small, and Medium Enterprises (MSMEs) are critical as they are the second-largest employment providers after agriculture, promoting balanced regional development and entrepreneurship among marginalized communities [7]. Furthermore, implementing the Right to Education (RTE) Act is essential for human capital formation, as education is a primary tool for breaking the poverty trap and ensuring equitable access to economic opportunities [5]. Together, these measures address the key components of inclusive growth: rural investment, employment generation, and public spending on education [1]. Therefore, all three initiatives directly further the government's objective of inclusive growth.

Sources

  1. [2] https://www.niti.gov.in/sites/default/files/2023-06/NITI_policy-paper_BMID_2023-May.pdf
  2. [3] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 7: Indian Economy after 2014 > Role of government in the promotion of MSME sector: > p. 235
  3. [7] https://www.un.org/development/desa/dspd/wp-content/uploads/sites/22/2019/02/Presentation-By-Ritu-Chandra.pdf
  4. [4] https://msme.gov.in/sites/default/files/MSME_Schemes_English_0.pdf
  5. [5] https://msme.gov.in/sites/default/files/Scheme-booklet-Eng.pdf
  6. [1] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 8: Inclusive growth and issues > Need for inclusive growth in India > p. 253
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