📝 One-liners · 66 cards
[OLD] GOVERNMENT SPONSORED SCHEMES
What is the primary objective of Government Sponsored Schemes in Indian banking?
Government Sponsored Schemes aim to provide institutional credit to weaker sections and priority sector borrowers who lack access to formal banking, thereby promoting financial inclusion and socio-economic development.
What is the loan limit for the 'Tarun' category under Pradhan Mantri Mudra Yojana?
Loans above Rs. 5 lakh up to Rs. 10 lakh.
Which apex body oversees and coordinates the implementation of Government Sponsored Schemes at the national level?
NABARD (National Bank for Agriculture and Rural Development) plays a key coordinating role for rural and agricultural government sponsored schemes, while other apex bodies like SIDBI oversee MSME-related schemes.
What is the loan range under the 'Kishore' category of PMMY?
Loans above Rs. 50,000 up to Rs. 5 lakh.
🔒
Unlock 66 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for [OLD] GOVERNMENT SPONSORED SCHEMES.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days