NIOS Class 10 Entrepreneurship Chapter 15 Government Schemes for entrepreneurs Solutions to each chapter is provided in the list so that you can easily browse through different chapters NIOS Class 10 Entrepreneurship Chapter 15 Government Schemes for entrepreneurs and select need one. NIOS Class 10 Entrepreneurship Chapter 15 Government Schemes for entrepreneurs Question Answers Download PDF. NIOS Study Material of Class 10 Entrepreneurship Notes Paper 249.
NIOS Class 10 Entrepreneurship Chapter 15 Government Schemes for entrepreneurs
Also, you can read the NIOS book online in these sections Solutions by Expert Teachers as per National Institute of Open Schooling (NIOS) Book guidelines. These solutions are part of NIOS All Subject Solutions. Here we have given NIOS Class 10 Entrepreneurship Chapter 15 Government Schemes for entrepreneurs, NIOS Secondary Course Entrepreneurship Solutions for All Chapters, You can practice these here.
Government Schemes for entrepreneurs
Chapter: 15
Intext Questions 15.1
State whether the following statements are true or false.
(i) I have completed 18 years, so I can apply for the PMEGP scheme.
Ans: True.
(ii) PMEGP scheme will create more employment opportunities for the youth.
Ans: True.
(iii) Rural women will get 35 per cent margin money/ subsidy under PMEGP scheme.
Ans: True.
(iv) Khadi and Village Industries Commission (KVIC) is the nodal agency at national level. At state level, the scheme is implemented through state KVIC Directorates, state Khadi and Village Industries Boards (KVIBs), District Industries Centres (DICs) and banks.
Ans: True.
(v) Any individual above 18 years of age is eligible to seek assistance. If the project size is above Rs.10 lakh in the manufacturing sector and above Rs. 5 lakh in the business/ service sector, the applicant must have passed at least class VIII.
Ans: True.
Intext Questions 15.2
Match the following:
| (i) Shishu | (i) covering loans above Rs. 50,000 and up to Rs.5 lakh. |
| (ii) Kishor | (ii) covering loans above Rs. 5 lakh to Rs.10 lakh. |
| (iii) Tarun | (iii) covering loans up to Rs. 50,000/- |
Ans:
| (i) Shishu | (iii) covering loans up to Rs. 50,000/- |
| (ii) Kishor | (i) covering loans above Rs. 50,000 and up to Rs.5 lakh. |
| (iii) Tarun | (ii) covering loans above Rs. 5 lakh to Rs.10 lakh. |
Intext Questions 15.3
I. State whether the following statements are true or false.
(i) The StandUpIndia scheme is implemented by SIDBI and NABARD.
Ans: True.
(ii) The Stand Up India Scheme provides for collateral free loans to the applicants.
Ans: True.
(iii) The Scheme envisages 35per cent margin money which can be provided in convergence with eligible Central/state schemes.
Ans: False.
(iv) Stand Up India scheme is to facilitate bank loans between rupees 10 lakh and 1 crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
Ans: True.
(v) The Stand Up India loan shall be a Composite Loan i.e. to meet requirements of assets such as plant and machinery and working capital.
Ans: True.
II. Choose the correct option:
(i) Stand Up India Scheme is not for–
(a) SC.
(b) ST.
(c) Women.
(d) BC.
Ans: (d) BC.
(ii) The following agency is not a partner under Stand Up India–
(a) NABARD.
(b) SIDBI.
(c) NCGTC.
(d) RBI.
Ans: (d) RBI.
(iii) Entrepreneurs under Stand Up India can access loans between–
(a) Rs 10 lakh to1 crore.
(b) Rs 20 lakh to 2 crore.
(c) Rs 5 lakh to 1 crore.
(d) None.
Ans: (a) Rs 10 lakh to1 crore.
Intext Questions 15.4
Choose the correct answer:
(i) National SC /ST Hub is for
(a) SC.
(b) ST.
(c) SC and ST.
(d) BC.
Ans: (c) SC and ST.
(ii) The National SC/ ST Hub is implemented by
(a) NABARD.
(b) NSIC.
(c) NCGTC.
(d) RBI.
Ans: (b) NSIC.
| Terminal Questions |
1. What is PMEGP? Explain the scheme details.
Ans: The Prime Minister Employment Generation Programme (PMEGP) is a Government of India-backed credit-linked subsidy scheme. Under this scheme, beneficiaries can get a subsidy amounting to 15% to 35% of the project cost from the government. The scheme aims to generate employment opportunities in rural as well as urban areas of the country by setting up new self-employment ventures, projects or micro enterprises.
It also aims:
(i) To provide continuous and sustainable employment to a large segment of traditional and prospective artisans and rural and urban unemployed youth in the country, to help arrest migration of rural youth to urban areas.
(ii) To increase wage earning capacity of artisans and contribute to increase in the growth rate of rural and urban employment.
The scheme is implemented by Khadi and Village Industries Commission (KVIC) as the nodal agency at the national level. At the state level, the scheme is implemented through state bodies, District Industries Centres (DICs) and banks. The maximum cost of the project/unit admissible under the manufacturing sector is Rs25 lakh and under business/service sector is Rs10 lakh.
2. Explain the PMMY scheme.
Ans: PradhanMantri MUDRA Yojana (PMMY) is a scheme launched by the Prime Minister on 8 April 2015 to provide loans up to Rs10 lakh to non-corporate, non-farm small or micro enterprises. MUDRA is an acronym for Micro Units Development and Refinance Agency Ltd. These are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks, Micro Finance institutions (MFIs) and Non-banking finance corporations (NBFCs). The biggest bottleneck to the growth of entrepreneurship in the Non– Corporate Small Business Sector (NCSBS) is lack of financial support. More than 90 per cent of this sector does not have access to formal sources of finance. The Government of India is setting up MUDRA Bank through a statutory enactment for catering to the needs of the NCSBS segment or the informal sector for bringing them in the mainstream.
MUDRA will be responsible for refinancing all last mile financiers such as NonBanking Finance Companies, Micro Finance Institutions, Societies, Trusts, Section 8 Companies (formerly Section 25), Small Finance Banks and Regional Rural Banks which are in the business of lending to micro/small business entities engaged in manufacturing, trading and services activities as well as agri-allied activities. Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created its initial products and schemes. The interventions have been named Shishu, Kishor and Tarunto signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also to provide a reference point for the next phase of graduation / growth to look forward to.
The financial limit for these schemes are:
(a) Shishu: covering loans upto 50,000/-.
(b) Kishor: covering loans above 50,000/- and upto 5 lakh.
(c) Tarun: covering loans above 5 lakh to 10 lakh. MUDRA’s delivery channel is conceived to be through the route of refinance primarily to banks/NBFCs/MFIs.
3. Can SC & ST entrepreneurs build MSMEs through the National SC ST Hub?
Ans: The National SC ST Hub is a flagship initiative of the Government of India aimed at supporting SC and ST entrepreneurs in starting, scaling, and nurturing their enterprises.
(i) Access to Finance: Access to finance plays a major role in the entrepreneurship development and economic growth of any country. It encourages new entrepreneurial initiatives. Timely access to finance sustains the survival and growth of micro, small, and medium enterprises.
(ii) Market Access and Procurement Opportunities: The National SC ST Hub helps SC and ST entrepreneurs access domestic and international markets by providing market intelligence, networking opportunities, and assistance in participating in government procurement programs. Factors such as the increasing adoption of consumer electronics, advancements in healthcare technologies, and the automotive sector’s demand for MEMS devices are driving this growth.
(iii) Capacity Building and Skill Development: The National SC ST Hub offers capacity building programs, entrepreneurship development training, and skill enhancement initiatives to empower SC and ST entrepreneurs with the knowledge, skills, and capabilities needed to establish and grow successful MSMEs. Capacity building refers to the process of developing and strengthening the skills, knowledge, resources, and abilities of individuals, organisations, or communities to effectively achieve their goals and objectives.
4. What are the schemes available for SC & ST entrepreneurs? Explain each scheme in detail.
Ans: The schemes available for SC & ST entrepreneurs are as follows:
(i) What is the genesis of “Stand-Up India” Scheme? The “Start-up India Stand-Up India” initiative was announced by the Hon’ble Prime Minister in his address to the nation on August 15, 2015 to promote bank financing for green field enterprises promoted by SC/ ST/ Women entrepreneur The scheme would be operated through 1.25 lakh bank branch network of scheduled commercial banks across the country.
(ii) What is the objective of “Stand-Up India” Scheme? The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of nonindividual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
(iii) What is the purpose of the loan under “Stand-Up India” Scheme? The scheme is for setting up a new enterprise in the manufacturing, trading or services sector by SC/ST/Women entrepreneurs.
(iv) Who are the target clients under Stand-Up India Scheme / what kind of borrowers are eligible for loans? SC/ST and/or Women entrepreneurs setting up new enterprises are eligible for availing loans under Stand-Up India Scheme. Typically projects in the manufacturing, trading and service sector would be eligible for coverage under the scheme.
(v) What will be the nature of loan under the Stand-Up India Scheme? Composite loan (inclusive of term loan and working capital) between Rs.10 lakh and up to Rs. 100 lakh representing up to 75% of the project cost would be eligible.
5. Whom are Stand UpIndia schemes for? Explain the scheme.
Ans: The “Start-up India Stand-Up India” initiative was announced by the Hon’ble Prime Minister in his address to the nation on August 15, 2015 to promote bank financing for green field enterprises promoted by SC/ ST/ Women entrepreneur The scheme would be operated through 1.25 lakh bank branch network of scheduled commercial banks across the country.
The objective of the Stand-Up India scheme is to facilitate bank loans between 10 lakh and 1 Crore to at least one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise. This enterprise may be in manufacturing, services or the trading sector. In case of nonindividual enterprises at least 51% of the shareholding and controlling stake should be held by either an SC/ST or Woman entrepreneur.
