Under the Bihar Student Credit Card Yojana, the rate of simple interest charged to a woman applicant is:
- A.One per cent
- B.Four per cent
- C.Seven per cent
- D.Nine per cent
Correct answer
Explanation
The correct answer is A, One per cent. The scheme charges simple interest of four per cent in general, and only one per cent to women applicants, to transgender applicants and to the differently abled, a concession meant to push up the enrolment of girls in higher education.
Option B, four per cent, is the general rate and is the nearest distractor, marked by candidates who remember only one of the two rates. Option C, seven per cent, and option D, nine per cent, are closer to ordinary commercial education loan rates from banks, which is exactly what the state scheme was designed to undercut, since a guarantee by the state removes the need for collateral and a guarantor. The three concessional categories, women, transgender persons and the differently abled, are worth remembering as a set, because the same grouping appears in other state schemes as well.
Read the full article: Major Schemes of Bihar: Saat Nischay, Jeevika and PYQs
Practice Questions
View allThe Saat Nischay, or seven resolves, programme began to be implemented in Bihar in which year?
- A.2006
- B.2011
- C.2016
- D.2021
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The seven resolves were announced as a programme of government in 2015 and were taken up for implementation from 2016, each resolve carrying its own schemes with budget provision: work for the youth, reservation for women in government jobs, electricity, piped drinking water, paved lanes and drains, toilets in every…
Read the full explanation →Which resolve of the Saat Nischay programme is known as Har Ghar Nal Ka Jal?
- A.Piped drinking water to every household
- B.Electricity to every household
- C.A toilet in every house
- D.A paved lane in front of every house
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Har Ghar Nal Ka Jal is the resolve to take piped drinking water to every household, carried out by the Public Health Engineering Department in the towns and larger habitations and through the panchayats in the villages, and it had a special importance in Bihar because of arsenic, fluoride and…
Read the full explanation →Under the Bihar Student Credit Card Yojana, what is the maximum education loan a student can get?
- A.Rs 1 lakh
- B.Rs 2 lakh
- C.Rs 4 lakh
- D.Rs 10 lakh
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The Bihar Student Credit Card Yojana, part of the first of the seven resolves, offers a loan of up to Rs 4 lakh for higher education after the intermediate, the state guaranteeing the loan through the Bihar State Education Finance Corporation so that a student without security can borrow for…
Read the full explanation →The Kushal Yuva Program of Bihar gives training mainly in:
- A.Tractor repair and welding
- B.Communication skills, behavioural skills and basic computer use
- C.Organic farming
- D.Weaving and handicraft
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The Kushal Yuva Program, run at Kushal Yuva Kendras under the first of the seven resolves, trains young people who have passed at least Class 10 in life skills and behaviour, in spoken and written communication in Hindi and English, and in the use of a computer, so that they…
Read the full explanation →The Mukhyamantri Nishchay Swayam Sahayata Bhatta of Bihar gives an unemployed young person an allowance of:
- A.Rs 1,000 a month for up to two years
- B.Rs 5,000 a month for up to one year
- C.Rs 500 a month for up to five years
- D.Rs 2,000 a month for up to three years
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The self-help allowance is paid to a young person of the state who has passed the intermediate examination, is between twenty and twenty-five years of age and is neither employed nor in further study, so that the cost of looking for work does not stop the search, and it is…
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