Question
Which statement about the Pradhan Mantri Kaushal Vikas
Yojana (PMKVY) under the Skill India Programme is incorrect? Read the following passage and answer the Questions (Q no. 13 to 16) based on the passage. Skilling in rural India is essential for empowering individuals, fostering economic growth, and bridging the gap between rural and urban development. With a significant portion of India's population residing in rural areas, equipping people with the right skills can unlock new opportunities, drive economic independence, and improve overall living standards. In a rapidly evolving global economy, skill development is no longer a luxury but a necessity, especially in regions where traditional means of livelihood like agriculture are increasingly vulnerable to uncertainty. One of the primary reasons for promoting skilling in rural India is to enhance employability. Many rural communities face limited job prospects due to the lack of specialized skills or access to quality education. By providing vocational training and skill development programs in areas such as carpentry, plumbing, tailoring, digital literacy, and agro-based industries, rural individuals can access more stable and diverse job opportunities. This makes them more competitive in both local and urban job markets, reducing the need for migration in search of employment. In addition to boosting employability, skilling also plays a vital role in supporting entrepreneurship in rural areas. With the right training, individuals can create their own businesses, tapping into local resources and markets. For instance, rural entrepreneurs trained in food processing, handicrafts, or eco-tourism can create small enterprises that generate income, employment, and growth within their communities. This not only stimulates the local economy but also fosters self-reliance and innovation.Solution
The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is implemented by the Ministry of Skill Development and Entrepreneurship, not by the Ministry of Health and Family Welfare. The other statements are correct regarding PMKVY.
A company has a P/V ratio of 20% and its break-even sales are ₹16 crore. What is the fixed cost of the company?
The maximum composite loan limit that the banks can sanction to MSE entrepreneurs through a single window is _______Â
Which of the following credit facility aimed to i ncrease flow of credit to individuals for entrepreneurial activity in the non-farm sector , which is e...
Which of the following criteria disqualifies a person from the Pradhan Mantri Kisan Maandhan Yojana? Â
In case of securitization of standard assets, what is the Minimum Retention Requirement (MRR) for underlying loans of maturity – 24 months or less; ? ...
What is the upper limit of the guarantee cover under the CGTMSE scheme for micro and small enterprises ?
In the modern business environment, the concept of Corporate Social Responsibility (CSR) has become a significant aspect of corporate governance. This c...
In the financial markets, the process of dematerializing government securities involves converting physical certificates into electronic form. This proc...
When a company decides to go public by listing its securities, it must navigate a series of regulatory and procedural steps to ensure compliance with th...
In the framework of monetary policy, central banks employ various tools to manage liquidity and control inflation within the economy. One such tool invo...