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

    Question

    Which of the following statements is/are correct about

    the skill development programs in India? 1. Skill India Mission is an umbrella scheme launched to create opportunities and space for the development of talents in Indian youth. 2. Pradhan Mantri Kaushal Vikas Yojana is a skill certification scheme under the Skill India Mission to provide employable skills along with a recognizable certificate. 3. PM-Mudra Yojna is a program under the Skill India Scheme to provide loans to new Entrepreneurs. Select the correct answer using the following code:
    A 1 and 2 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 1, 2 and 3 Correct Answer Incorrect Answer
    E 2 only Correct Answer Incorrect Answer

    Solution

    Statement 3 is incorrect: MUDRA, which stands for Micro Units Development & Refi nance Agency Ltd., is a financial institution set up by the Government. It is not a part of the Skill India Scheme but the Start-up India campaign. The main objective of the Skill India Mission is to provide market-relevant skills training to more than 40 crore young people in the country by the year 2022. Micro Units Development and Refinance Agency Ltd. [MUDRA] is an NBFC supporting development of micro enterprise sector in the country. MUDRA provides refi nance support to Banks / MFIs for lending to micro units having loan requirement upto 10 lakhs.

    Practice Next

    Relevant for Exams: