Question

Which of the following statements regarding the Swarnajayanti Gram Swarojgar Yojana (SGSY) is correct?

1. SGSY is a credit-cum-subsidy programme.
2. It is exclusively for urban poverty alleviation.
3. The scheme was launched in the year 2000.
4. Funding is solely borne by the central government.

• A. 3 only
• B. 1 only
• C. All
• D. 2, 4

Answer 1

Answer:

B. 1 only

• The Swarnajayanti Gram Swarojgar Yojana (SGSY) adopted a dual approach to financial support for rural self-employment ventures.

• It operated as a 'credit-cum-subsidy' program, meaning that beneficiaries received loans (credit) to start or expand their enterprises, combined with a portion of the loan amount being provided as a grant (subsidy) that did not need to be repaid. T

• his combination aimed to make entrepreneurship more accessible by reducing the financial burden on the beneficiaries.

• The program's focus was firmly on rural development, and its funding structure involved contributions from both the central and state governments.