What is the primary role of the Kerala Financial Corporation (KFC)?

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AProviding short-term loans for agricultural activities

BFinancing medium and large-scale industrial projects

COffering microfinance services to women's self-help groups

DFacilitating international trade agreements for the state

Answer:

The KFC is a state-owned financial institution that provides long-term credit and financial assistance to various industrial units, thereby fostering industrial growth and economic diversification.

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Regarding the redistribution of remittances and improvement in living standards in Kerala, identify the correct statements.

Militant agitation and redistribution policies have played a role in ensuring remittances trickle down to weaker sections of society.
Remittances alone, without any policy intervention, would have automatically ensured equitable redistribution and improved living standards for all.
The trickle-down effect of remittances has contributed to improving the living standards across different sections of society.