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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:


1. 1 only
2. 1 and 2 only
3. 2 and 3 only
4. 1, 2 and 3

1 Answer

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Best answer
Correct Answer - Option 4 : 1, 2 and 3

The correct answer is 1, 2 and 3.

  • As per OECD (Organisation for Economic Co-operation and Development), inclusive growth is economic growth that is distributed fairly across society and creates opportunities for all.
  • Good quality infrastructure is the most critical physical requirement for attaining faster growth in a competitive world and also for ensuring investment in backward regions.
  • Rural electrification is an important instrument too to bring about inclusive growth by making electricity available to farmers and in rural areas.
  • Presently a large number of Self Help Groups (SHGs) are working in India at the grass-roots level especially in rural India on the principles of mutual help, solidarity and joint responsibility. The more the Self Help Groups, the better the financial inclusion. Hence statement 1 is correct.
  • The Government of India has introduced MSME or Micro, Small, and Medium Enterprises in agreement with the Micro, Small and Medium Enterprises Development (MSMED) Act of 2006. 
  • MSMEs are an important sector for the Indian economy and have contributed immensely to the country’s socio-economic development. It not only generates employment opportunities but also works hand-in-hand towards the development of the nation’s backward and rural areas. It can help in financial inclusion. Hence statement 2 is correct.
  • The RTE Act aims to provide primary education to all children aged 6 to 14 years. The act mandates 25% reservation for disadvantaged sections of the society where disadvantaged groups include: SCs and STs. Education can help uplift the backward and downtrodden society. Hence statement 3 is correct.

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