Q. The differential rate of interest (DRI) is a lending programme launched by the government to lend 1 per cent of the total lending of the preceding year to ‘the poorest among the poor’ at an interest rate of 4 per cent per annum was launched in which five-year plan?
Answer: A
Notes:
The differential rate of interest (DRI) is a lending programme launched by the government in April 1972 (Fourth five-year plan) which makes it obligatory upon all the public sector banks in India to lend 1 per cent of the total lending of the preceding year to ‘the poorest among the poor’ at an interest rate of 4 per cent per annum.
Source: TMH Ramesh Singh
