Looking at real activity from the expenditure side, the growth in real final consumption expenditure by households accelerated from 2½ per cent in the third quarter of 2001 to 3½ per cent in the fourth quarter. This was mainly due to increases recorded in real expenditure on durable and semi-durable goods.
Micro credit directly provides funds for the poor and employed women to start up production activities, thus creating a favorable condition for them to shake off poverty through reemployment and engagement in new business. Micro credit scheme has also transformed the perceptions of the poor and employed women about jobs and contributed to their improved understanding of self-development based on dignified living.