Under Mukhyamantri Yuva Swarozgar Yojana of Uttar Pradesh, the maximum project cost allowed in the industry sector is:
- A.Rs 10 lakh
- B.Rs 25 lakh
- C.Rs 50 lakh
- D.Rs 1 crore
Correct answer
Explanation
The correct answer is B, Rs 25 lakh. The scheme, run by the Khadi and Village Industries Board and the MSME department, finances a bank loan for a new unit set up by an educated unemployed youth of the state, with the project cost allowed up to Rs 25 lakh in the industry sector and up to Rs 10 lakh in the service sector, and a margin money subsidy of a quarter of the project cost from the state.
Option A, Rs 10 lakh, is the ceiling for the service sector and is the trap built into the question. Option C, Rs 50 lakh, and option D, Rs 1 crore, belong to larger central credit schemes for medium enterprises and not to this youth scheme. Learn the pair together, Rs 25 lakh for industry and Rs 10 lakh for services, and remember that the applicant must normally be between 18 and 40 years of age and at least a Class 10 pass.
Read the full article: Major Schemes of the Uttar Pradesh Government: Facts and Figures
Practice Questions
View allThe One District One Product (ODOP) programme of Uttar Pradesh was announced in which year?
- A.2015
- B.2018
- C.2020
- D.2022
Show answer
The One District One Product programme was announced on Uttar Pradesh Diwas, 24 January 2018, and picks one traditional product for every district of the state so that its artisans get design help, common facility centres, marketing support and easier credit through one programme instead of many.
Read the full explanation →Under the One District One Product programme, which product is identified with Bhadohi district?
- A.Brassware
- B.Carpets
- C.Glassware
- D.Locks
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Bhadohi, on the Ganga plain near Varanasi, is the centre of India’s hand-knotted carpet industry, and the whole belt around it is often called the carpet city; ODOP therefore lists carpets as the product of Bhadohi.
Read the full explanation →Mukhyamantri Kanya Sumangala Yojana of Uttar Pradesh pays assistance to a girl in how many stages?
- A.Three
- B.Four
- C.Six
- D.Eight
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The scheme, launched in 2019 and run by the Department of Women and Child Development, pays in six stages: at birth, after the full course of vaccination in the first year, on admission to Class 1, on admission to Class 6, on admission to Class 9, and on admission to…
Read the full explanation →Mukhyamantri Abhyudaya Yojana of Uttar Pradesh is a scheme for which purpose?
- A.Free coaching for competitive examinations
- B.Interest-free loans to traders
- C.Pension for destitute women
- D.Insurance for sugarcane growers
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Mukhyamantri Abhyudaya Yojana was started on Basant Panchami, 16 February 2021, and runs free coaching classes at centres in every division of the state for aspirants of the civil services, state services, NEET, JEE, defence services and other examinations, with serving officers taking some of the classes and the content…
Read the full explanation →The Uttar Pradesh Kisan Karj Rahat (loan waiver) scheme of 2017 waived crop loans of small and marginal farmers up to what amount?
- A.Rs 50,000
- B.Rs 1 lakh
- C.Rs 2 lakh
- D.Rs 5 lakh
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The loan waiver was cleared at the first cabinet meeting of the state government in April 2017 and wrote off outstanding crop loans up to Rs 1 lakh taken by small and marginal farmers from banks, that is, farmers holding up to two hectares of land.
Read the full explanation →