MCQ

Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY) - Rajasthan MCQ - Practice Questions with Answers

Solve 5 Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY) - Rajasthan questions for RAS/RPSC preparation.

Practice questions

Q1What is the base interest-subsidy rate under VYUPY for a loan above ₹1 crore and up to ₹2 crore?

A 6%

B 7%

C 8%

D 10%

Explanation

VYUPY uses two base interest-subsidy slabs: 8% on loans up to ₹1 crore, and 7% on loans above ₹1 crore and up to ₹2 crore. Since the question places the loan in the second slab, the applicable base rate is 7%, making option B correct.

Q2Which description correctly identifies the Vishwakarma Yuva Udyami Protsahan Yojana (VYUPY)?

A A Rajasthan state scheme supporting manufacturing and service-based micro and small enterprises through interest-subsidised institutional loans and margin money

B A Union scheme giving an unconditional cash grant to every traditional artisan in India

C A Rajasthan welfare scheme restricted to agricultural and allied activities

D A scheme that finances only large enterprises through direct government loans

Explanation

VYUPY is implemented by the Rajasthan State Government to create employment through manufacturing and service-based micro and small enterprises. Its support operates through institutional loans carrying interest subsidy and through margin-money assistance, so option A captures both its jurisdiction and its design.

Q3Which one of the following statements about VYUPY is incorrect?

A Loans above ₹1 crore and up to ₹2 crore receive a base interest subsidy of 8%.

B Loans up to ₹1 crore receive an interest subsidy of 8%.

C The maximum supported loan amount is ₹2 crore.

D Margin-money assistance is 25% of the sanctioned loan amount, subject to a maximum of ₹5 lakh.

Explanation

Option A is incorrect because VYUPY grants 7%, not 8%, as the base interest subsidy on loans above ₹1 crore and up to ₹2 crore. The 8% rate belongs to loans up to ₹1 crore. The ₹2 crore ceiling and the margin-money rule of 25% subject to ₹5 lakh are both correct.

Q4Consider the following statements about VYUPY: 1. The scheme was implemented by the Rajasthan State Government from 3 September 2025. 2. An additional 1% interest subsidy is available to specified special categories on loans above ₹1 crore and up to ₹2 crore. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Neither 1 nor 2

D Both 1 and 2

Explanation

Both statements are correct. The Rajasthan Government implemented VYUPY from 3 September 2025. The scheme also provides an additional 1% interest subsidy to specified categories, including women and rural enterprises, for loans above ₹1 crore and up to ₹2 crore. Therefore, option D follows.

Q5A VYUPY beneficiary receives a sanctioned loan of ₹40 lakh. Ignoring all other components, what is the maximum margin-money assistance available?

A ₹4 lakh

B ₹10 lakh

C ₹5 lakh

D ₹20 lakh

Explanation

Margin-money assistance under VYUPY equals 25% of the sanctioned loan or ₹5 lakh, whichever is lower. For a ₹40 lakh loan, 25% is ₹10 lakh. Comparing ₹10 lakh with the ₹5 lakh ceiling gives an admissible maximum of ₹5 lakh, so option C is correct.

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