Exams › IBPS PO › General Awareness
Consider the following statements on the Stand-Up India Scheme and identify the correct statements: 1. It facilitates bank loans between Rs. 10 lakh and Rs. 1 crore to at least one SC/ST borrower and at least one woman borrower per bank branch. 2. The loan shall be repayable in up to 7 years with a moratorium period of up to 36 months. 3. The rate of interest applicable on the loan would be the lowest applicable rate of the bank for that category, not exceeding MCLR + 4% + tenor premium.
- Only 1
- Both 1 & 3
- Only 3
- All 1, 2 & 3
Correct answer: Only 1
Solution
Stand-Up India provides bank loans from Rs. 10 lakh to Rs. 1 crore to at least one SC/ST borrower and one woman borrower per bank branch, so statement 1 is correct. The repayment period and moratorium in statement 2 are incorrect, and the interest condition in statement 3 is also not correctly stated. Therefore, only statement 1 is correct.
Related IBPS PO General Awareness questions
- On the occasion of the second anniversary of the Prime Minister Street Vendor's AtmaNirbharNidhi (PM SVANidhi) scheme, the Housing and Urban Affairs Minister, Hardeep Singh Puri, launched the ‘SVANidhi Mahotsav’. Identify the incorrect statement regarding the scheme: (i) The Ministry of Housing & Urban Affairs launched the PM Street Vendor's AtmaNirbharNidhi (PM SVANidhi) scheme. (ii) The vendors availing loans under the scheme are eligible to get an interest subsidy of 5%. (iii) The scheme is a Central Sector Scheme.
- Pradhan Mantri Jeevan Jyoti Bima Yojana is a government-backed life insurance scheme in India. It was originally mentioned in the 2015 Budget speech by Finance Minister Arun Jaitley in February 2015. What is the maximum age limit to enroll in this scheme?
- The 'Stand Up India' Scheme has been recently extended by the Government of India till the year _____.
- ₹200 million loan from the World Bank was for which scheme?
- The Varishtha Pension Bima Yojana 2017, a pension scheme for senior citizens, was approved by the Union Cabinet. It provides an assured pension based on a guaranteed rate of return of 8% for how many years?
- Consider the following statements on PM Vaya Vandana Yojana, and identify the correct statements as per scheme: (1 mark) Statements: 1. The tenure of policy is set at 10 years. 2. One can invest a maximum amount of Rs. 70,000 under PMVVY scheme. 3. Pension will be payable as per the frequency of monthly, quarterly, half-yearly, yearly as per the preference given by the pensioner at the time of purchase.
⚔️ Practice IBPS PO General Awareness free + battle 1v1 →