Question

What percentage of the loan granted under Navajeevan can be a subsidy?

• A. 10 percent
• B. 25 percent
• C. 50 percent
• D. 75 percent

Answer 1

Answer:

B. 25 percent

• 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.