Question

Question:
Consider the following statements about Swavalambi Sarathi Scheme:

Statements:
A. Under this scheme, the Scheduled Tribe youth and women will be provided with a subsidy and bank loan facility to start self-employment units.
B. 90% of the unit cost or a maximum of Rs. 5.00 lakhs will be subsidized for the purpose of purchasing goods transport vehicles.

Which of the above statement/statements is/are incorrect?

Options:
(1) A only
(2) B only
(3) Both A and B
(4) Neither A nor B

Answer 1

The Swavalambi Sarathi Scheme is an initiative by the Government of Karnataka aimed at promoting self-employment among the state's youth, particularly those from Scheduled Castes (SC), Scheduled Tribes (ST), Other Backward Classes (OBC), and Minority communities.

Evaluation of Statements:

Statement A: Under this scheme, the Scheduled Tribe youth and women will be provided with a subsidy and bank loan facility to start self-employment units.

• Correct. The scheme offers subsidies and facilitates bank loans to support ST youth and women in establishing self-employment ventures, particularly through the purchase of vehicles for commercial use.
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Statement B: 90% of the unit cost or a maximum of Rs. 5.00 lakhs will be subsidized for the purpose of purchasing goods transport vehicles.

• Incorrect. The subsidy structure under the scheme varies by community:

  • SC/ST Beneficiaries: Eligible for a subsidy of up to 75% of the vehicle's cost, with a maximum limit of Rs. 4,00,000.

  • OBC and Minority Beneficiaries: Eligible for a subsidy of up to 50% of the vehicle's cost, with a maximum limit of Rs. 3,00,000.

  • Passenger Auto Rickshaw Purchase: A flat subsidy of Rs. 75,000 is provided.

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Additionally, beneficiaries are required to contribute 10% of the vehicle's cost.

Karnataka Medical Devices Corporation

Conclusion:

Statement A is correct, while Statement B is incorrect.

Answer: (2) B only