RAS question
What is the interest-free loan amount for youth entrepreneurs under Rajasthan's CM Self-Employment Scheme?
Correct answer: (B) ₹10 lakh.
Under Rajasthan's Mukhyamantri Yuva Swarojgar Yojana, eligible youth entrepreneurs can receive interest-free loans up to ₹10 lakh.
Explanation
Rajasthan's Economic Review describes Mukhyamantri Yuva Swarojgar Yojana as a scheme for young state residents aged 18 to 45, supporting enterprise creation or expansion through financial institutions. Its support package includes interest-free loans, margin money assistance and CGTMSE fee reimbursement. For applicants with a graduate degree, ITI certificate or higher qualification in the manufacturing sector, the scheme provides a 100 per cent interest subsidy and a maximum loan limit of up to ₹10 lakh. ₹10 lakh is the highest interest-subsidy-linked loan limit under the scheme, not a generic grant figure.
Why the other options are wrong
- (A) ₹3 lakh is below the service and trade ceiling for 8th-to-12th-standard applicants and below the ₹10 lakh manufacturing ceiling.
- (C) Mukhyamantri Yuva Swarojgar Yojana does not provide ₹15 lakh as an interest-free loan limit.
- (D) ₹5 lakh is the service and trade ceiling for graduate, ITI or higher-qualified applicants, whereas the scheme's relevant maximum reaches ₹10 lakh in manufacturing.
Concept
RAS frequently covers Rajasthan economy schemes, especially employment-linked credit and subsidy design. Such schemes connect budget announcements with youth employment, MSME promotion and welfare delivery.