With reference to New Swarnima Loan Scheme, consider the following statements: 1. The primary objective of the scheme is to finance the purchase of agricultural land and equipment for tribal communities. 2. It has been introduced by National Backward Classes Finance and Development Corporation (NBCFDC). Select the correct answer using the codes given below: |ForumIAS

Q. With reference to New Swarnima Loan Scheme, consider the following statements:
1.The primary objective of the scheme is to finance the purchase of agricultural land and equipment for tribal communities.
2.It has been introduced by National Backward Classes Finance and Development Corporation (NBCFDC).
Select the correct answer using the codes given below:

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B

Notes:

Explanation –

Statement 1 is incorrect. The primary objective of the New Swarnima Loan Scheme is to provide financial assistance to women entrepreneurs from backward classes. It aims to inculcate the spirit of self-dependence among the women of Backward Classes under Term Loan.

Statement 2 is correct. It has been introduced by National Backward Classes Finance and Development Corporation (NBCFDC). Ministry of Social Justice and Empowerment is the nodal ministry for the scheme.

Source: Forum IAS

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