Which scheme was launched in the rural areas of the country to bring every assisted family above the poverty line within three years?
- AOption (a)
Rural Entrepreneur Scheme
- BOption (b)
Prime Minister Employment Scheme
- COption (c)
Garib Kalyan Employment Scheme
- DOption (d)
Swarnjayanti Gram Self-Employment Scheme
View answer & explanationHide answer & explanation
Correct answer
Swarnjayanti Gram Self-Employment Scheme
Why this answer is correct
The correct answer is Swarnajayanti Gram Swarozgar Yojana.
Key Points
- Swarnajayanti Gram Swarozgar Yojana was launched in 1999 to provide self-employment opportunities to rural poor and bring assisted families above the poverty line within three years.
- This Yojana is a program that is implemented by commercial banks, cooperative banks, and regional banks and is overseen by the federal government and state governments in a 75:25 ratio.
- As the name implies, the Swarnajayanti Gram Swarozgar Yojana primarily targets low-income households or groups - referred to as "Swarrozgars" in the local vernacular.
- It aims to generate revenue and jobs in order to assist people in rising beyond the poverty line.
Additional Information
- Gramin Udyami Yojana is also known as Rural Entrepreneurship Development Programme.
- It was launched in 1995 to provide self-employment opportunities to rural artisans and unemployed youth.
- Pradhan Mantri Rozgar Yojana was launched in 1993.
- It aimed to provide employment opportunities to the urban and rural unemployed youth.
- Garib Kalyan Rozgar Yojana was launched in 2020.
- It aimed to provide employment opportunities to migrant workers who returned to their home states during the COVID-19 pandemic.