The Deendayal Antyodaya Yojana, National Rural Livelihoods Mission, is implemented by which ministry?
- A.The Ministry of Rural Development
- B.The Ministry of Agriculture and Farmers Welfare
- C.The Ministry of Finance
- D.The Ministry of Cooperation
Correct answer
Explanation
The correct answer is A, the Ministry of Rural Development, which runs the mission to organise poor rural households, mainly women, into self-help groups, give each group a revolving fund and a community investment fund, federate the groups at village and cluster level and arrange bank credit with interest subvention. Option B, the Ministry of Agriculture and Farmers Welfare, runs crop insurance, the soil health card and the farmer producer organisation schemes, which are often confused with this one. Option C, the Ministry of Finance, handles the banking side, including the interest subvention funds, but it does not implement the mission. Option D, the Ministry of Cooperation, was created in 2021 to look after cooperative societies and their laws, a different set of institutions. The mission grew out of the earlier Swarnajayanti Gram Swarozgar Yojana.
Read the full article: Cooperatives and Self-Help Groups: Acts, NABARD and SHGs
Practice Questions
View allWhich was the first cooperative law enacted in India?
- A.The Cooperative Credit Societies Act, 1904
- B.The Cooperative Societies Act, 1912
- C.The Multi-State Cooperative Societies Act, 1984
- D.The Banking Regulation Act, 1949
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It was the first law on the subject and gave village credit societies a legal form, following the recommendation of the Famine Commission and the study of European land banks by Frederick Nicholson, with the German Raiffeisen societies as the model.
Read the full explanation →Cooperation as a subject of legislation falls in which list of the Seventh Schedule?
- A.The Union List
- B.The State List
- C.The Concurrent List
- D.It is a residuary subject
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The correct answer is B, the State List, where cooperative societies appear as entry thirty-two, which is why every State has its own cooperative societies Act and its own registrar of cooperative societies.
Read the full explanation →Which Part of the Constitution dealing with cooperative societies was inserted by the 97th Amendment?
- A.Part IXA
- B.Part IXB
- C.Part XIVA
- D.Part IVA
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The correct answer is B, Part IXB, made up of Articles 243ZH to 243ZT, which the Constitution (Ninety-seventh Amendment) Act, 2011 inserted to lay down rules on the board of a cooperative society, its five-year term, reservation of seats, audit and elections.
Read the full explanation →NABARD was established in which year?
- A.1969
- B.1975
- C.1982
- D.1991
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The National Bank for Agriculture and Rural Development began work on 12 July 1982 on the recommendation of the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, chaired by B. Sivaraman, and it has its head office at Mumbai.
Read the full explanation →In the three-tier short-term cooperative credit structure, which institution works at the village level?
- A.The State Cooperative Bank
- B.The District Central Cooperative Bank
- C.The Primary Agricultural Credit Society
- D.The Regional Rural Bank
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The correct answer is C, the Primary Agricultural Credit Society, the body of farmer members in a village or a group of villages that lends directly to the cultivator for seed, fertiliser and other short-term needs.
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