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Q63. Consider the following statements about Adivasi Mahila Sashaktikaran Yojana:

1. It is an exclusive scheme for the economic development of ST women

2. Under the scheme NSTFDC (National Scheduled Tribes Finance and Development Corporation) provides term loan for scheme(s)/ project(s) costing upto Rs.50,000/- per individual unit/profit centre.

Which of the above statements is/are correct?


A

(a) Only 1

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B

(b) Only 2

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C

(c) Both 1 and 2

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D

(d) None of the above

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Solution

The correct option is C

(c) Both 1 and 2


Adivasi Mahila Sashaktikaran Yojana (AMSY) is an exclusive scheme for the economic development of ST women, at a highly concessional rate of interest. Under the scheme NSTFDC provides term loan for scheme(s)/ project(s) costing upto Rs.50,000/- per individual unit/profit centre. Financial assistance up to 99 per cent of the cost of the scheme(s)/project(s) is provided by the NSTFDC.

Micro-credit scheme is meant to provide financial assistance for undertaking small self -employment ventures/activities by the eligible STs through existing profit making SHGs. SCAs shall provide eligible amount of subsidy or margin money as per their scheme(s) for the target group and remaining amount may be provided as term loan by NSTFDC.


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