BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The scheme is launched to provide safeguards against Starvation during the period of natural calamities or lean season.
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The gram banks are set up in food scare areas like drought prone areas.
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Village Panchayats who were running Village Grain Banks earlier are now not authorized to run.
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Both A and B
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Detailed explanation-1: -The grain banks are to be set up in food scarce areas like the drought prone areas, the hot and cold desert areas, tribal areas and the inaccessible hilly areas which remain cut off because of natural calamities like floods, etc. These villages are to be notified by the concerned State Government/Union Territory.
Detailed explanation-2: -A Central Sector Scheme for the setting up of Village Grain Banks in tribal villages was launched in 1996-97.
Detailed explanation-3: -The Village Grain Bank Scheme was launched in 1996 by the Ministry of Tribal Affairs for providing foodgrains in chronically food deficit areas to be run by all willing below poverty line (BPL) and Antyodaya Anna Yojana families in the villages.
Detailed explanation-4: -Grain banks store and loan foodgrains. They help provide foodgrains, especially in areas facing the scarcity of food. The Academy of Development Science is trying to set up as many grain banks as possible. They often seek the help of NGOs and influence the government’s policy on food security.