New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Government of Madhya Pradesh has approved the

    proposal to reserve 20 percent of plots in industrial areas of the state for scheduled caste/scheduled tribe (SC/ST) entrepreneurs. The Cabinet has also approved _______ exemption in premium and development fee to these entrepreneurs.
    A 40 percent Correct Answer Incorrect Answer
    B 45 percent Correct Answer Incorrect Answer
    C 50 percent Correct Answer Incorrect Answer
    D 60 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Government of Madhya Pradesh has approved the proposal to reserve 20 per cent of plots in industrial areas of the state for scheduled caste/scheduled tribe (SC/ST) entrepreneurs.   The Cabinet has also approved 50 percent exemption in premium and development fee to these entrepreneurs.   A maximum assistance of Rs 18 lakh will be provided on the funding/investment received by SC/ST entrepreneurs and a maximum of Rs 72 lakh will be given in four phases.     In start-ups promoted by SC/ST entrepreneurs, their participation should be 51 per cent.

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