Question

Under the MPSC/JC scheme, what is the maximum bank loan amount and the maximum subsidy provided?

• A. Loan up to Rs 5 lakh, 20% subsidy (max Rs 1 lakh)
• B. Loan up to Rs 10 lakh, 25% subsidy (max Rs 2 lakh)
• C. Loan up to Rs 7.5 lakh, 30% subsidy (max Rs 1.5 lakh)
• D. Loan up to Rs 10 lakh, 50% subsidy (max Rs 3 lakh)

Answer 1

Answer:

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

• 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.