1. Under DAY-NRLM (Deendayal Antyodaya Yojana - National Rural Livelihoods Mission), what is the maximum collateral-free loan amount for Self Help Groups (SHGs)?
?1 Lakh
?5 Lakh
?20 Lakh
?10 Lakh
Explanation:
RBI guidelines mandate that no collateral and no margin will be charged for loans to SHGs up to ?10 Lakh. Recently, the collateral-free limit for SHGs under NRLM was enhanced to ?20 Lakh.
2. The implementing agency for the Prime Minister's Employment Generation Programme (PMEGP) at the national level is:
KVIC (Khadi and Village Industries Commission)
NABARD
SIDBI
District Industries Centre
Explanation:
KVIC is the single nodal agency at the national level for the PMEGP scheme. At the state level, it is implemented through State KVIC Directorates, State KVIBs, and DICs.
3. Under DAY-NULM (Deendayal Antyodaya Yojana - National Urban Livelihoods Mission), what is the maximum loan subsidy provided on interest for Self-Employment Programme (SEP) loans?
The difference between the bank's lending rate and 7%.
5% interest subsidy.
Flat ?50,000 subsidy.
100% interest waiver.
Explanation:
Under DAY-NULM, an interest subsidy is provided on loans to the urban poor for setting up individual or group enterprises. The subsidy is the amount of interest charged by the bank over and above 7% per annum.
4. Loans under Pradhan Mantri Mudra Yojana (PMMY) are classified into Shishu, Kishore, and Tarun. What is the loan limit for the "Kishore" category?
Above ?5 Lakh and up to ?10 Lakh
Above ?50,000 and up to ?5 Lakh
Up to ?50,000
Above ?10 Lakh
Explanation:
The categories are: Shishu (up to ?50k), Kishore (> ?50k to ?5 Lakh), and Tarun (> ?5 Lakh to ?10 Lakh). This classification targets different stages of business growth.
5. The "Credit Linked Subsidy Scheme" (CLSS) is a component of which government scheme?
Mudra Yojana
Pradhan Mantri Awas Yojana (PMAY)
PM-KISAN
Stand Up India
Explanation:
CLSS provides interest subsidy on housing loans to eligible beneficiaries (EWS/LIG/MIG) under the PMAY (Urban) mission to promote affordable housing.
6. The "Stand Up India" scheme targets which specific beneficiary groups?
Only SC/ST entrepreneurs.
SC/ST and Women entrepreneurs.
All women entrepreneurs.
Rural artisans only.
Explanation:
Stand Up India facilitates bank loans between ?10 lakh and ?1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
7. In the PMEGP scheme, the margin money subsidy received from the government is kept in a separate account known as:
Subsidy Reserve Account
Suspense Account
Current Account
Term Deposit Receipt (TDR) with a lock-in period
Explanation:
The subsidy is kept in a TDR in the name of the beneficiary for a lock-in period of 3 years. It is adjusted against the loan only after successful verification of the unit after 3 years.
8. In the context of DAY-NRLM, the "Community Investment Support Fund" (CISF) is provided to:
Individual beneficiaries.
Commercial Banks.
Self Help Groups (SHGs) directly.
Cluster Level Federations (CLFs) or Village Organizations (VOs).
Explanation:
CISF is a corpus fund provided to community institutions like CLFs or VOs (not directly to SHGs) to be used for lending to SHGs for their livelihood plans and socio-economic development.
9. Under Pradhan Mantri Awas Yojana (Urban), the house constructed/acquired with central assistance must be in the name of:
The eldest son.
Any adult member.
The female head of the household or in the joint name of the male head and his wife.
The male head of the family only.
Explanation:
PMAY mandates female ownership (sole or joint) to promote women empowerment. The house must be registered in the name of the female head or jointly with the male head.
10. Under DAY-NRLM, "Community Resource Persons" (CRPs) are:
Bank officials deputed to villages.
Experienced SHG members who help form and nurture new SHGs.
NGO workers.
Government officers.
Explanation:
CRPs are community members (usually women from successful SHGs) who provide support to new groups, driving the community-driven implementation model of NRLM.