Question
Consider the following Statements about the Pradhan
Mantri Kisan Maandhan Yojana and choose the correct option. (I) Pradhan Mantri Kisan Maan-Dhan Yojana was launched in 2019. (II) PM-KMY Scheme in India is a central sector scheme for farmers aged between 18 to 60 years. (III) It was launched under the Ministry of Agriculture & Farmers’ Welfare. In an endeavour to promote door to door digital banking and financial services in remote areas of Jammu Kashmir, J&K Rural Livelihood Mission (JKRLM) has trained 125 women from Self Help Groups as DIGI-Pay Sakhis in 2000 villages under Mission ‘One Gram Panchayat-One DIGI-Pay Sakhi’. Lieutenant Governor, Manoj Sinha, led administration is taking several groundbreaking steps to transform the lives of women of Jammu and Kashmir, especially those living in rural areas by engaging them in gainful livelihood interventions. Lieutenant Governor, during the launch of Mission ‘One Gram Panchayat-One DIGI-Pay Sakhi’ in the UT last year had distributed 80 Aadhaar Enabled Payment Systems (AEPs) among the DIGI-Pay Sakhis under JKRLM. Lieutenant Governor said that DIGI-Pay Sakhi has introduced financial inclusion within the UT’s Self Help Group (SHG) ecosystem creating much needed financial access points with greater transparency even in remotest of the areas. Apart from depositing money, the village population can also avail the benefits of additional banking and financial services such as Pradhan Mantri Kisan Maandhan Yojana, registration of Kisan Credit Card etc, LG added. In a first of its kind, J&K government is working to set up Women Industrial Estate at Udhampur Industrial Estate to further strengthen the Women Entrepreneurs Ecosystem in J&K. (Source- Greater Kashmir)Solution
The Pradhan Mantri Kisan Maan Dhan Yojana was launched at Ranchi, Jharkhand by Prime Minister Narendra Modi. This a Central Sector Scheme which is administered by the Cooperation & Farmers Welfare, Department of Agriculture, Ministry of Agriculture & Farmers’ Welfare, and the Government of India in partnership with Life Insurance Corporation of India (LIC). LIC is the Pension Fund Manager for PM Kisan Maan-Dhan Yojana that provides an assured monthly pension of Rs. 3000/- to all the small and marginal farmers (who own cultivable land up to 2 hectares) after the age of 60 years. This scheme was introduced with an aim to secure the lives of small and marginal farmers in India. PM-KMY Scheme in India is a central sector scheme for farmers aged between 18 to 40 years.
Which of the following is the platform for investors to trace inactive as well as unclaimed mutual fund investments ?
The CAMELS rating system, used for bank supervision, does NOT include the factor:
Who is responsible for ensuring compliance with the obligations imposed under Chapter IV of the PML Act and for reporting to the Financial Intelligence ...
The process of converting a physical cheque into an electronic image for faster processing is called:
As per Schedule I, any kind of disposal or transfer of business assets made by an entity on a permanent basis qualifies as supply, even though it is wit...
In cases where REs are unable to meet Customer Due Diligence (CDD) requirements due to a customer’s lack of cooperation, what is the recommended actio...
What is required for conducting V-CIP (Video-Based Customer Identification Process)?
The process by which a central bank influences the money supply and interest rates by buying and selling government securities is known as:
The CIBIL MSME Rank (CMR) is a credit score that helps lenders assess the risk of lending to MSMEs. What is the scale used for CMR?
A borrower has defaulted on a term loan for over 90 days. The bank categorizes the account as an NPA. Later, the borrower partially repays the overdue a...