Which ministry has launched the Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayta (VISVAS) Yojana

Question of The Day11-12-2020

Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayta (VISVAS) Yojana is a scheme of which ministry?

Answer

Correct Answer : a ) Ministry of Social Justice & Empowerment

Explanation :

NBCFDC and NSFDC have signed a Memorandum of Agreements with Central Bank which gave VISVAS scheme a source of help leading to improvement.

Vanchit Ikai Samooh aur Vargon ki Aarthik Sahayta (VISVAS) Yojana is a scheme of the Ministry of Social Justice and Empowerment. It is an Interest subvention scheme for financial empowerment of economically marginalized OBC/SC Self Help Groups (SHGs) & Individuals.

It will benefit OBC/SC SHGs with loans up to Rs. 4 Lakh and OBC/SC individuals with loan up to Rs.2 Lakh with a quick interest subvention benefit of 5% directly into the standard accounts of borrowing beneficiaries.

Hence, option (a) is correct.

Questions related to Government Schemes and Initiatives are asked in various competitive exams like State PCS, UPSC CDS, SSC CGL, SSC CHSL, SSC CPO, IBPS PO, IBPS Clerk, RRB NTPC, UP SI, etc.

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