Question

What is the maximum amount that can be reimbursed as a Government subsidy for the loan taken under NAVAJEEVAN?

• A. Rs 6,250
• B. Rs 10,000
• C. Rs 12,500
• D. Rs 15,000

Answer 1

Answer:

C. Rs 12,500

• Implemented by - Department of Employment

• It is aimed at supporting senior citizens aged 50-65 years to start self-employment ventures.

• The scheme helps in the economic and social upliftment of beneficiaries.

• 25% of the total loan amount is reserved exclusively for women.

• The scheme facilitates bank loans up to Rs 50,000 for starting self-employment ventures, of which 25 per cent would be reimbursed as a Government subsidy, to a maximum of Rs 12,500.