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    Question

    Which of the following committees under the PM

    Vishwakarma Scheme oversees the credit flow and interest subvention mechanism?
    A National Steering Committee (NSC) Correct Answer Incorrect Answer
    B State Monitoring Committee (SMC) Correct Answer Incorrect Answer
    C Credit Oversight Committee Correct Answer Incorrect Answer
    D District Implementation Committee (DIC) Correct Answer Incorrect Answer
    E Programme Management Unit (PMU) Correct Answer Incorrect Answer

    Solution

    The Credit Oversight Committee, chaired by the Secretary, Department of Financial Services (DFS) and including representatives from MSME, Expenditure, RBI, SIDBI, and CGTMSE, monitors credit disbursement, ensures proper flow to beneficiaries, and can revise the interest subvention cap depending on prevailing lending rates.

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