Question

What is the maximum loan amount that can be facilitated under the NAVAJEEVAN scheme for self-employment ventures?

• A. Rs 25,000
• B. Rs 50,000
• C. Rs 75,000
• D. Rs 1,00,000

Answer 1

Answer:

B. Rs 50,000

• 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.