Question
Which statement/statements is/are true? I. The
Maharashtra Department of Prisons has launched a loan scheme “jivhala” for inmates serving sentences in jails across the state. II. In the initial phase of the scheme a loan of Rs 50,000 will be given at a 7 per cent interest rate. Of the interest the bank earns, one per cent will be given back to the system as a contribution to the Prisoners’ Welfare Fund. III. Under the scheme the loan will be provided without any requirement of mortgage or guarantor. Which statement/statements is/are true?Solution
- The Maharashtra Department of Prisons has launched a loan scheme for inmates serving sentences in jails across the state.
- The credit scheme titled Jivhala is being offered by the Maharashtra State Cooperative Bank.
- The pilot was introduced for prisoners at Yerawada Central Jail in Pune, and will gradually be extended to nearly 60 prisons across the state.
- This is the first kind of credit scheme for prisoners in India.
- The credit scheme, called Jivhala meaning ‘affection’ in Marathi, has been launched primarily for convicted inmates who are undergoing a prison sentence of more than three years.
- In the initial phase, a loan of Rs 50,000 will be given at a 7 per cent interest rate. Of the interest the bank earns, one per cent will be given back to the system as a contribution to the Prisoners’ Welfare Fund.
- The loan will be provided without any requirement of mortgage or guarantor.
In the production process, the capital that is consumed by the economy or a firm is called
Which ministry is responsible for implementing the Pradhan Mantri YUVA Yojana?Â
When did the Central Plan Scheme for the rehabilitation of bonded labourers start?
According to the Trade Union Act 1926, Who needs to sign the notice of dissolution if a Trade Union decides to dissolve?Â
The ratio of total additional planned savings in an economy to the total additional income of the economy is known as:
Match the following correctly;
Which of the following establishments are covered under the Payment of Gratuity Act, of 1972?Â
According to a report by prominent online blogging platform soic.in,which state in India has emerged as the largest economy with the highest GDP share i...
What is a Green Index?
What economic condition combines slow growth with high unemployment?