DUSY - GS questions based on daily current affairs

1)   Which of the following is/are true regarding Deendayal Upadhyay Swaniyojan Yojana (DUSY)?

1) It is rural avatar of Startup India.
2) It will be funded by the existing National Rural Livelihood Mission.

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
Answer  Explanation 

ANSWER: Both 1 and 2

Explanation:

  • Deendayal Upadhyay Swaniyojan Yojana (DUSY) will soon be launched by Ministry of Rural Development to promote rural entrepreneurship under Start Up India campaign.
  • The main objective of Swaniyojan Yojana is to provide incentives such as financial assistance to the rural poor looking for self-employment options.
  • The scheme will be integrated with MUDRA Bank Loan Yojana, innovative credit linkages and self-help groups.
  • It will be funded by the existing National Rural Livelihood Mission.
  • It will provide the basic skill set required for self-employment in fields like driving, plumbing, agriculture, dairy farming, grafting and horticulture among others.
  • The Ministry will also coordinate with other government departments such as textile, animal husbandry, and food processing to help rural poor setup their own business in these fields.
    • DUSY is a rural avatar of Start Up India.

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