Explanation
The sixth position in the list of the poorest states in India is grabbed by Odisha.
32.59% people are living below the poverty line.
Poverty is not merely about unemployment and less money. It is a social phenomenon in which a section of the society is unable to fulfill even its bare necessities of life.
Due to poverty a person does not enjoy a proper social life with respect and dignity. He/she is denied of equal rights in the society.
Nearly 39.1 % of people in Jharkhand are below poverty line (BPL) as against national rates of 29.8 %.
Micro-finance is a type of banking service that is provided to unemployed or low-income individuals, or groups who otherwise have no other access to financial services.
Self Help Group is an important instrument in the delivery of micro finance to the poor women for establishing micro enterprise.
What is the average calories required in rural areas for measuring poverty?
In India, the norm for calorie intake is 2,400 calories in rural areas and 2,200 in urban areas.
This is because the rural people are engaged in the more physical labour than the people in the urban areas.
One of the delivery channel for Micro Finance is SHG model. SHG means _______________.
A self-help group is an economic intermediary group of 10 to 20 local women or men between 18 to 40 years. Most self-help groups are situated in India, though SHGs can be established in other countries, particularly in South Asia and Southeast Asia.
SHG is not whatever thing but a group of people who are on daily wages, they form a group and from that group, one person collects the money and gives the wealth to the person who is in need. Members also make modest measure savings contributions over a few months until there is adequate money in the group to begin lending.
Thus, the correct option is C.
Poverty is one of the main causes which prohibit the people of society to live a dignified life and hence it deprives the access of the basic needs like education, health, food, clothing, housing etc. to the person.
This applies universally to all the countries in the world.
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