Challenger Logo

Challenger App

Get it on Google PlayGet it on App Store
App Logo

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
Get App
Under the MPSC/JC scheme, what is the maximum bank loan amount and the maximum subsidy provided?

ALoan up to Rs 5 lakh, 20% subsidy (max Rs 1 lakh)

BLoan up to Rs 10 lakh, 25% subsidy (max Rs 2 lakh)

CLoan up to Rs 7.5 lakh, 30% subsidy (max Rs 1.5 lakh)

DLoan up to Rs 10 lakh, 50% subsidy (max Rs 3 lakh)

Answer:

B. Loan up to Rs 10 lakh, 25% subsidy (max Rs 2 lakh)

Read Explanation:

  • It is a group-oriented self-employment scheme.

  • The scheme is designed to support the development of enterprises in the unorganised sector

  • Under this scheme, bank loans of up to 10 lakh with 25 per cent subsidy (subject to a maximum of Rs 2 lakh), are given to start self-employment group ventures

  • The scheme is open to groups consisting of 2 to 5 members.

Related Questions:

Which prestigious civilian award was K. N. Raj awarded in 2000?

Choose the correct statement pertaining to the Current Weekly Status (CWS) method of measuring unemployment.

  1. The Current Weekly Status (CWS) method measures unemployment with a reference period of seven days preceding the survey date.
  2. Under CWS, a person is considered unemployed only if they did not work for the entire 30-day period prior to the survey.
  3. This method primarily captures long-term or chronic unemployment, similar to the UPS approach.

    Consider the following statements regarding the unemployment rates (usual status ps+ss, for persons aged 15 years and above) as per the PLFS conducted from July 2023 to June 2024. Which of the statements are correct?

    1. Kerala recorded an unemployment rate of 7.2 per cent.
    2. The all-India unemployment rate stood at 3.2 per cent.
    3. The unemployment rate in Kerala was lower than the all-India average.
    4. The all-India unemployment rate significantly increased from 2022-23 to 2023-24.

      Which of the following statements about Kerala University's recent rankings and events are correct?

      1. In the NIRF 2024 ranking, the University of Kerala secured the 21st position among Indian Universities.
      2. The University of Kerala was selected as the Best University for the NSS State Award 2021-22.
      3. Kerala University was ranked 16th overall nationally in the India Today - MDRA 2024 ranking.
      4. Researcher's Fest - Heights 2023 was organized by Kerala University at its Kariavattom Campus in July 2023.

        Which of the following statements about CUSAT's achievements are accurate?

        1. In the NIRF 2024 rankings, CUSAT secured the 34th position among universities.
        2. CUSAT secured an A+ Grade in NAAC accreditation.
        3. CUSAT secured the 10th position among State Public Universities in the NIRF 2024 rankings.
        4. 44 patents were granted/published by CUSAT during the period 2022-2024.