Question
Consider the following statements regrading PMAY-G:
1) PMAY-G came into effect from 1st April 2015 2) Objective of PMAY-G is to provide “Housing for all” by 2022 3) Cost of assistance to beneficiaries is shared between centre and state govt. in the ratio 50:50 Choose the correct option:Solution
The erstwhile rural housing scheme Indira Awas Yojana was restructured into Pradhan Mantri Awaas Yojana- Gramin (PMAY-G). PMAY-G came into effect from 1st April 2016. Objective is to provide pucca houses to all who are houseless and living in dilapidated houses in rural areas by 2022. ● The target of Housing for all to be achieved in 2 phases: ○ To achieve “Housing for all” by 2022, the number of houses that need to be constructed is 2.95 crore. This is to be achieved in two phases. ○ 1st phase (2016-17 to 2018-19): 1 crore houses to be constructed ○ 2nd Phase (2019-20 to 2021-22): 2.95 crore houses to be constructed ● Financial assistance provided for the construction of houses: ○ In plain Areas, financial assistance of Rs. 1.2 lakh is given. ○ In hilly states/difficult areas /Integrated Action Plan (IAP) for Selected Tribal and Backward Districts, financial assistance of Rs. 1.3 lakh is given. ○ It includes the assistance of Rs. 12,000 for the construction of the toilet under Swach Bharat Abhiyan. ○ The unit size is 25 sq.m including a dedicated area for hygienic cooking. ○ The beneficiary would be facilitated to avail loan of up to Rs.70,000/- for construction of the house, which is optional. ○ Funds will be released in 4 instalments directly to the account of the beneficiary. ● Salient features: ○ Identification of beneficiaries: Based on the Housing deprivation parameter as per the Socio-Economic Caste Census (SECC). ○ Role of Gram Sabha: The list of beneficiaries as per SECC has to be verifi ed by Gram Sabha. ○ Funding pattern: the cost of unit assistance is shared between Central and State Govt. in the ratio 60:40 in plain areas and 90:10 for North Eastern and hilly states. ○ The beneficiary is also entitled to 90 days of unskilled labour under MGNREGA. ○ Empowerment of women: Allotment of the house is made jointly in the name of Husband and Wife.
The most difficult type of misstatement to detect fraud is based on __________.
Which transaction results in flow of funds?
IND AS 115 prescribes a 5-step model for recognition of revenue, identify the correct sequence of the following steps given below:
�...
GeM is characterized by which of these three core elements?
A mutual fund has the following assets and liabilities:
Assets:
Stocks: $100 million
Bonds: $50 million
C...
A company purchases machinery for ₹10 lakh. Estimated dismantling cost after 5 years is ₹1 lakh. The dismantling obligation is present as per contra...
What software applications would be the most suitable for performing numerical and statistical calculations?
A project has IRR of 14% and NPV of ₹5 lakhs at 10% cost of capital. If cost of capital rises to 16%, what will happen to NPV?
With respect to time value of money, which of the following statement is incorrect?
The arrangement of assets and liabilities in accordance with a particular order is known as of balance sheet.