Question

What is the maximum subsidy amount an eligible individual can receive under the Navajeevan scheme?

• A. Rs 5,000
• B. Rs 10,000
• C. Rs 12,500
• D. Rs 25,000

Answer 1

Answer:

C. Rs 12,500

• The Navajeevan scheme is implemented through the Employment Department in Kerala.

• 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.