Livelihood & Employment — Set 5

Correct Answer: C. 7%

PM SVANidhi provides an interest subsidy of 7% per annum on timely or early repayment of loans by street vendors. This subsidy is credited directly to the beneficiary's bank account quarterly. The scheme also provides a cashback incentive of up to Rs 1,200 per year for digital transactions.

Correct Answer: C. Rs 50,000

Under PM SVANidhi, the loan amount scales up from Rs 10,000 to Rs 20,000 and then to Rs 50,000 upon timely repayment. This step-up credit model is designed to build the financial capability of street vendors. The enhanced credit helps vendors expand their business progressively.

Correct Answer: B. PMRY and REGP

PMEGP was launched in 2008 by merging the Prime Minister's Rojgar Yojana (PMRY) and the Rural Employment Generation Programme (REGP). It combines the strengths of both schemes to promote self-employment through micro-enterprises. The scheme is implemented by KVIC at the national level.

Correct Answer: C. 35%

Under PMEGP, special category beneficiaries (SC/ST, OBC, minorities, women, ex-servicemen, physically handicapped, NER) in rural areas receive a subsidy of 35% of the project cost. For general category beneficiaries in rural areas, the subsidy is 25%. The higher subsidy rate encourages participation from marginalized communities.

Correct Answer: C. 70%

DDU-GKY mandates that at least 70% of trained candidates must be placed in jobs with a minimum salary of Rs 6,000 per month. This outcome-based approach ensures accountability of training partners. It distinguishes DDU-GKY from purely training-focused schemes by emphasizing job placement.

Correct Answer: B. Lump sum cash reward after certification

Under PMKVY, candidates who complete skill training and pass the assessment receive a financial reward (monetary award) directly in their bank account. The amount varies by sector and course. This incentive encourages participation in skill training programmes.

Correct Answer: B. DAY-NRLM

Aajeevika is the brand name for the National Rural Livelihood Mission (NRLM), now known as DAY-NRLM. The mission focuses on creating robust livelihoods for the rural poor through SHGs and federated structures. It is one of the world's largest programmes for rural poverty alleviation.

Correct Answer: C. 9 crore

DAY-NRLM aims to mobilize 9 crore rural poor women into about 80 lakh Self-Help Groups (SHGs) across the country. These SHGs are then federated at the village, cluster, and block levels for collective action. The programme provides revolving funds, community investment funds, and bank linkage to these SHGs.

Correct Answer: A. One each — one SC/ST and one woman

Under Stand Up India, each bank branch is mandated to extend loans to at least one SC or ST borrower and at least one woman borrower. This ensures broad coverage of the scheme across the country. The scheme has a dedicated portal called the Stand Up India portal for easy access.

Correct Answer: A. Khadi and Village Industries Commission

KVIC stands for Khadi and Village Industries Commission, the statutory body under the Ministry of MSME that implements PMEGP at the national level. It was established under the Khadi and Village Industries Commission Act, 1956. KVIC also promotes khadi, village industries, and rural employment.