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FINANCING RURAL NON FARM SECTOR
What is the Rural Non-Farm Sector (RNFS) and why is it significant for rural development?
RNFS refers to all economic activities in rural areas other than agriculture, such as manufacturing, trade, and services. It is significant because it diversifies rural income, reduces dependence on agriculture, and provides employment to surplus agricultural labour.
What percentage of India's rural workforce is engaged in non-farm activities?
Approximately 25-30% of rural workforce is non-farm.
Which categories of activities are included under the Rural Non-Farm Sector?
RNFS includes agro-processing industries, handicrafts, cottage industries, rural trade and commerce, transport, construction, and rural services like repair shops and small manufacturing units.
What is the minimum loan amount under MUDRA's Tarun category for non-farm enterprises?
Tarun category covers loans from Rs 5 lakh to Rs 10 lakh.
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