Housing & Urban Schemes — Set 10
Government Schemes · आवास और शहरी योजनाएं · Questions 91–100 of 160
Which scheme under Housing and Urban Development provides for development of greenfield smart cities?
Correct Answer: B. Smart Cities Mission
The correct answer is Smart Cities Mission. Smart Cities Mission includes greenfield development as one of the area-based development approaches. Greenfield development involves creating new areas that provide smart solutions on a blank slate. This can include development of satellite towns or townships with state-of-the-art infrastructure from the beginning. Examples include the Gujarat International Finance Tec-City (GIFT City).
What is the duration of interest subsidy provided under CLSS for EWS/LIG under PMAY-U?
Correct Answer: C. 20 years or actual loan tenure, whichever is less
The correct answer is 20 years or actual loan tenure, whichever is less. Under CLSS for EWS/LIG categories, the interest subsidy of 6.5% is provided for 20 years or the actual loan tenure, whichever is less. The Net Present Value (NPV) of this subsidy at 9% discount rate is approximately Rs 2.67 lakh. The subsidy is front-loaded in the form of upfront credit to the loan account, effectively reducing the principal.
Under PM SVAnidhi, what incentive is provided for digital transactions?
Correct Answer: C. Upto Rs 1,200 per year cashback on digital transactions
The correct answer is Upto Rs 1,200 per year cashback on digital transactions. PM SVAnidhi incentivizes digital transactions by providing monthly cashback of up to Rs 100 (total Rs 1,200 per year) to vendors who make digital transactions. This dual incentive of higher loan limits for repayers and cashback for digital transactions promotes financial literacy and formal banking among street vendors.
National Urban Housing Fund was set up under which ministry?
Correct Answer: B. Ministry of Housing and Urban Affairs
The correct answer is Ministry of Housing and Urban Affairs. National Urban Housing Fund (NUHF) was set up by the Ministry of Housing and Urban Affairs under PMAY-U. The fund is maintained with HUDCO (Housing and Urban Development Corporation). The fund's purpose is to raise low-cost funds and channelize them for affordable housing development in urban areas through HUDCO loans to states and ULBs.
Which state was the first to implement RERA after its enactment in 2016?
Correct Answer: A. Maharashtra
The correct answer is Maharashtra. Maharashtra was among the first states to operationalize RERA with its state RERA authority becoming functional shortly after the central act came into effect on May 1, 2017. Maharashtra Real Estate Regulatory Authority (MahaRERA) is considered one of the most active state RERA authorities. Several other states followed quickly, though some lagged in implementing RERA.
What is the total number of cities targeted under AMRUT scheme?
Correct Answer: C. 500
The correct answer is 500. AMRUT (Atal Mission for Rejuvenation and Urban Transformation) covers 500 cities and towns across India. These include cities and towns with population of one lakh and above as per 2011 Census, all state/UT capitals, and certain hill stations, tourist places, and cities located on rivers or near heritage sites. AMRUT 2.0 expanded coverage to all 4,738 Urban Local Bodies.
Indira Awas Yojana (IAY) provided housing assistance through which mechanism?
Correct Answer: C. Grant of funds directly to beneficiaries
The correct answer is Grant of funds directly to beneficiaries. Indira Awas Yojana provided financial assistance as a grant (not a loan) directly to beneficiaries through their bank accounts for construction of houses. The beneficiary had to construct the house themselves with the grant money. The scheme also allowed purchase of existing houses in some cases. This grant-based approach was continued in PMAY-G.
What is the Pradhan Mantri Grameen Awaas achievement in terms of houses sanctioned as of 2022?
Correct Answer: C. About 2 crore houses
The correct answer is About 2 crore houses. By 2022, PMAY-G had sanctioned approximately 2.95 crore houses against the total target. About 2 crore houses had been completed, and the remaining were at various stages of construction. The scheme faced challenges due to COVID-19 pandemic which delayed construction timelines. The government extended the deadline to allow completion of sanctioned houses.
Under CLSS, NHB and HUDCO act as which type of agencies for implementing the subsidy?
Correct Answer: B. Central Nodal Agencies (CNAs)
The correct answer is Central Nodal Agencies (CNAs). National Housing Bank (NHB) and Housing and Urban Development Corporation (HUDCO) are designated as Central Nodal Agencies (CNAs) for implementing CLSS under PMAY-U. PLIs (Primary Lending Institutions) claim the interest subsidy from CNAs, which disburse the subsidy and then claim reimbursement from the Ministry of Housing and Urban Affairs.
Smart Cities Mission follows which selection process?
Correct Answer: B. Competitive Challenge process
The correct answer is Competitive Challenge process. Smart Cities Mission uses a competitive challenge process called the 'Smart Cities Challenge' where cities compete with each other for selection. Cities are first shortlisted by states based on certain criteria, and then they prepare Smart City Proposals (SCPs) which are evaluated by a panel. This competitive approach ensures that only cities with well-prepared plans and strong governance are selected.