CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state CM announced interest-free loans of up to Rs. 3 lakh for women self-help groups (WSHGs)?
A
Odisha
B
Maharashtra
C
Andra Pradesh
D
Jharkhand
Explanation: 

Detailed explanation-1: -Odisha CM Naveen Patnaik has announced his government would increase the upper limit for interest-free loans provided to SHG members from Rs 3 lakh to Rs 5 lakh from April next year.

Detailed explanation-2: -Odisha Chief Minister Naveen Patnaik, in a bid to boost the state’s ‘Mission Shakti’ scheme, has announced that his government would hike the upper limit for interest-free loan provided to self-help group members from Rs 3 lakh to Rs 5 lakh, starting April next year.

Detailed explanation-3: -What is Mission Shakti Loan? State Government of Odisha is committed in providing loans at 0% effective rate of interest to all SHGs for the loans availed upto 3 lakh on prompt repayment. This interest subvention scheme of the State Government is called “Mission Shakti Loan”.

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