Livelihood & Employment — Set 7

Correct Answer: C. 19

The Startup India Action Plan, announced on January 16, 2016, contained 19 action points covering areas like simplification of regulations, funding support, industry-academia partnerships, and tax exemptions. These points together form a comprehensive ecosystem support framework. The plan has been progressively implemented over the years.

Correct Answer: C. SIDBI

SIDBI (Small Industries Development Bank of India) is the nodal bank for the Stand Up India scheme. It manages the credit guarantee mechanism through the National Credit Guarantee Trustee Company (NCGTC). SIDBI also provides a dedicated portal for potential beneficiaries to apply and track their applications.

Correct Answer: B. Recognize and certify existing skills

RPL (Recognition of Prior Learning) under PMKVY aims to recognise and certify the existing skills of individuals, especially those in informal employment. It bridges the gap between informal experience and formal certification. This benefits workers who have practical skills but lack educational qualifications.

Correct Answer: B. 10

Under DAY-NRLM, a Self-Help Group must have a minimum of 10 members and a maximum of 20 members. In case of difficult hilly and tribal areas, the minimum can be relaxed to 5 members. SHGs meet regularly to save money, build a corpus, and access credit for livelihood activities.

Correct Answer: C. Ministry of Labour and Employment

PMRPY was administered by the Ministry of Labour and Employment. The scheme was implemented through the Employees' Provident Fund Organisation (EPFO). The government paid both the employer's EPF (3.67%) and EPS (8.33%) contributions for new employees.

Correct Answer: B. Eradicating rural poverty through SHGs

The primary objective of NRLM is to reduce poverty and vulnerability of rural poor households by building their livelihoods on a sustainable basis. It does this by organizing rural women into Self-Help Groups and providing them with financial services and skill training. The mission follows a demand-driven and community-led approach.

Correct Answer: B. Unskilled manual work

MGNREGA specifically guarantees 100 days of unskilled manual wage employment per year to adult members of rural households. This ensures that even the least educated or skilled rural poor can access work. Skilled and semi-skilled workers can also participate in specific work components.

Correct Answer: C. Rs 15,000

Under PM Vishwakarma, artisans receive a toolkit incentive of Rs 15,000 in the form of a voucher to purchase modern tools. This helps them upgrade their equipment and improve productivity. The tool purchase is facilitated through a GeM-like portal specific to the scheme.

Correct Answer: C. Job Card

The Job Card is the mandatory document for accessing benefits under MGNREGA. It is issued by the Gram Panchayat after registering the household. The Job Card must be produced to demand work and is the basis for all transactions under the scheme.

Correct Answer: C. 10 years

A company is considered a startup for up to 10 years from its date of incorporation under Startup India guidelines. The entity must have annual turnover not exceeding Rs 100 crore in any financial year since incorporation. Beyond this period or turnover, the company is no longer treated as a startup for regulatory purposes.