Objective Current Affairs Based Important Government Schemes

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Objective Current Affairs – Important Government Schemes

Important Questions based on Current Affairs Important Government Schemes

Q-1 With respect to the recently launched Pradhan Mantri MUDRA Yojana (PMMY), which of the following is not the part of the Scheme-

a) Shishu

b) Navjaat

c) Kishore

d) Tarun

e) None of the Above

Q- How much money is allocated to loans in Shishu yojana a sub-part of Pradhan Mantri MUDRA Yojana-

a)  50,000

b) 1,00,000

c) 75 000

d) 1,25,000

e) None of these

Q- Consider the following Statements-

Statement I : Pradhan Mantri Mudra Yojana  provides Micro Credit scheme.

Statement II : Pradhan Mantri Mudra Yojana provides scholarship to meritorious candidate planning to start their own business.

Which of the following statement is correct?

a) Only I

b) Only II

c) Both I and II

d) None of the statement is correct

e) None of these

Government Schemes related to Banking and Insurance Sector Current Affairs Important Government Schemes

Pradhan Mantri MUDRA Yojana (PMMY)-

a) It was Launched on April 8, 2015 by the Prime minister Narendra Modi.

b) The Key objective of the scheme is to provide Financial Support for the Growth of Micro Enterprises sector and various start-ups of this level.

c) Under this scheme, the funding to non- corporate small business sector is facilitated .

d) MUDRA stands for Micro Units Development and Refinance Agency. The scheme is open and available from all bank branches across the country.

The Scheme is further divided into three sub – schemes :

  1. Shishu : This Scheme will be covering availing loans to entrepreneurs upto Rs. 50000. Shishu Stands for young child. Therefore, entrepreneurs with small businesses and Start-ups can avail loans under this scheme.
  2. Kishor : This scheme covers loans above Rs 50000 and upto Rs.5 Lakh. The Scheme is for Medium Enterprises.
  3. Tarun : This Scheme covers loans above Rs 5 Lakh and upto Rs 10 lakh.

Products and Services under the Scheme

a) Schemes for activities of business in land, transport, Community, Social and personal Services, food products and Textile product sector.

b) Micro credit Scheme

c) Refinance Scheme for Regional Rural Banks/Scheduled cooperative Banks.

d) Mahila Udyami Scheme

e) Business loan for traders and shopkeepers.

f) Missing Middle Credit Schemes-Equipment Finance for Micro units.


Important March Current Affairs



Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 

a) The scheme was Launched on May 9, 2015 by honourable Prime Minister Narendra Modi.

b) The Key Objective of the scheme is to provide Life insurance cover to all Indian Citizens.

c) Under this scheme, the penetration of life insurance is focussed and scope of insurance all over india is covered. It is valid for the citizens between the age of 18- 50 years.

d) The Scheme provides a policy holder  a life insurance cover of Rs 2lakh with an annual premium of just Rs 330 excluding service tax.

e) The citizens who are under the age of 18-50 with a eligible bank account can avail the facility of this scheme.




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