General Studies · Government Schemes and Rural Development
A Self-Help Group (SHG) cluster producing organic turmeric wants to set up a solar-powered processing unit costing Rs 15 lakh. They are considering applying for financial assistance and combining PMFME with DAY-NRLM. What is the best strategic path to ensure maximum subsidy and support?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1They should apply as a Village Organization (VO) to get a single large loan and avail of the 35% subsidy under PMFME for the unit.✓
- 2They should avoid PMFME as it cannot be combined with NRLM and stick to small individual loans from the bank.
- 3The groups should dissolve and form a private limited company to get the loan, as banks do not fund VOs for industrial units.
- 4They should only use their internal savings to build the unit slowly to avoid the debt trap of government schemes.
Correct answer
They should apply as a Village Organization (VO) to get a single large loan and avail of the 35% subsidy under PMFME for the unit.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for General Studies?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Government Schemes and Rural Development MCQs →Want more practice questions on Government Schemes and Rural Development?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in General Studies · Government Schemes and Rural Development