Question

What is the annual income limit for applicants to be eligible for the Navajeevan scheme?

• A. Not more than Rs 50,000
• B. Not more than Rs 75,000
• C. Not more than Rs 1 lakh
• D. Not more than Rs 1.5 lakh

Answer 1

Answer:

C. Not more than Rs 1 lakh

• The scheme aims to ensure the financial self-reliance of senior citizens in the age group of 50 to 65 years.

• It targets those who have been unable to secure employment despite registration at Employment Exchanges in Kerala.

• The scheme provides suitable means of livelihood to eligible individuals.

• Loans of up to Rs 50,000 are granted, 25 per cent of which (up to Rs 12,500) can be subsidy and 75 per cent can be bank loan.

• Applicants must have an annual income of not more than 1 lakh.