Government Schemes Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
In which year was the Stand-Up India Scheme launched?
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Correct answer: B — 2016
PIB (Finance Ministry): the Stand-Up India Scheme was launched on 5 April 2016.
According to the Finance Ministry, what was the total amount sanctioned under Stand-Up India since launch, as of 17 March 2025?
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Correct answer: C — Rs 61,020.41 crore
PIB (Finance Ministry): the total amount sanctioned rose from Rs 14,431.14 crore (31 October 2018) to Rs 61,020.41 crore by 17 March 2025.
Consider the following about the Stand-Up India Scheme: 1. It provides bank loans to SC, ST and women entrepreneurs to start new businesses. 2. Women entrepreneurs' accounts under it exceeded 1.9 lakh by November 2024. 3. Total sanctions under it crossed Rs 1 lakh crore by March 2025. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
PIB (Finance Ministry): the scheme gives bank loans to SC, ST and women entrepreneurs for new businesses, and women's accounts reached 1,90,844 by November 2024. Total sanctions were Rs 61,020.41 crore by 17 March 2025, so statement 3 is wrong.
What is the total outlay of the Vibrant Villages Programme-II approved by the Union Cabinet on 4 April 2025?
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Correct answer: D — Rs 6,839 crore
PIB (Cabinet): VVP-II has a total outlay of Rs 6,839 crore till FY 2028-29.
The Vibrant Villages Programme-II has been approved as a:
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Correct answer: B — Central Sector Scheme with 100% Centre funding
PIB (Cabinet): the Cabinet approved VVP-II as a Central Sector Scheme (100% Centre funding).
Consider the following about the Vibrant Villages Programme-II: 1. It covers villages along international land borders other than the Northern border covered under VVP-I. 2. All-weather road connectivity for these villages will be provided under PMGSY-IV. 3. It will run till FY 2030-31. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
PIB (Cabinet): VVP-II covers ILB villages other than the Northern border already under VVP-I, and road connectivity will come under PMGSY-IV. It runs for FY 2024-25 to 2028-29, so statement 3 is wrong.
By how much per month did the Arunachal Pradesh cabinet raise old-age, disability and widow pensions on 2 April 2025?
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Correct answer: A — Rs 300
The Arunachal Times and India Today NE: all three pensions under the Chief Minister's Social Security Scheme were increased by Rs 300 per month.
On 2 April 2025, Arunachal Pradesh lowered the eligibility age for widow pension from 40 years to:
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Correct answer: B — 18 years
The Arunachal Times and India Today NE: the age eligibility for widow pension was lowered from 40 to 18 years, making the Chief Minister's Widow Pension Scheme universal.
Under Arunachal Pradesh's extended Chief Minister's Bal Seva Scheme, approved on 2 April 2025, each registered orphaned child will receive monthly assistance of:
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Correct answer: C — Rs 1,500
The Arunachal Times and India Today NE: children covered will get Rs 1,500 per month until the age of 18, in addition to Mission Vatsalya support; earlier only COVID orphans were covered.
What is the outlay of the PM E-DRIVE Scheme notified by the Ministry of Heavy Industries in September 2024?
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Correct answer: C — ₹10,900 crore
PIB (Heavy Industries): PM E-DRIVE was notified on 29.09.2024 with an outlay of ₹10,900 crore over two years up to 31.03.2026.
Which scheme was subsumed in the PM E-DRIVE Scheme, according to the Ministry of Heavy Industries?
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Correct answer: A — Electric Mobility Promotion Scheme (EMPS) 2024
PIB (Heavy Industries): the Electric Mobility Promotion Scheme (EMPS) 2024, implemented from 01.04.2024 to 30.09.2024, is subsumed in the PM E-DRIVE scheme.
At what price per meal did Tripura launch a midday meal service for patients' attendants at AGMC and GB Pant Hospital on 31 March 2025?
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Correct answer: D — ₹10
CM Manik Saha launched the meal at ₹10.
Tripura's ₹10 meal service for patients' attendants, launched on 31 March 2025, is run jointly by the Health Department, the Rogi Kalyan Samiti and which other body?
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Correct answer: A — Rotary Club
The service is run by the Health Department, the Rogi Kalyan Samiti and the Rotary Club.
In which city did PM Modi launch projects worth over ₹33,700 crore on 30 March 2025, the first day of Navratri?
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Correct answer: D — Bilaspur
The PM laid foundation stones for and dedicated the projects in Bilaspur, Chhattisgarh.
NTPC's Sipat Super Thermal Power Project Stage-III, whose foundation stone was laid on 30 March 2025, is based on which technology?
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Correct answer: A — Ultra-supercritical
Sipat Stage-III (1×800 MW) is a pit-head unit using ultra-supercritical technology; the separate CSPGCL 2×660 MW project is supercritical.
The HPCL multiproduct pipeline whose foundation stone was laid by PM Modi in Bilaspur on 30 March 2025 connects Raipur with which city?
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Correct answer: D — Visakhapatnam
It is the 540-km Visakh–Raipur Pipeline (VRPL) of HPCL, worth over ₹2,210 crore.
Consider the following statements about the PM's Bilaspur programme on 30 March 2025: 1. Griha pravesh of 3 lakh beneficiaries under PMAY-Gramin was held. 2. 130 schools across 29 districts of Chhattisgarh were dedicated under the PM SHRI scheme. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
The PIB release records the griha pravesh of 3 lakh PMAY-G beneficiaries and the dedication of 130 PM SHRI schools in 29 districts.
In Patna on 30 March 2025, Amit Shah said the Centre would restart how many closed sugar mills in Bihar?
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Correct answer: C — 30
Shah said the government would restart 30 closed sugar mills in Bihar.
What was the total value of projects Amit Shah inaugurated and laid foundation stones for in Patna on 30 March 2025?
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Correct answer: A — Over ₹800 crore
The projects were worth over ₹800 crore.
Where did Telangana CM A. Revanth Reddy launch the free fine rice (sanna biyyam) scheme on 30 March 2025?
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Correct answer: D — Huzurnagar
The scheme was launched at a public meeting in Huzurnagar, Suryapet district, on Ugadi.
How much fine rice per person per month does Telangana's free fine rice scheme, launched on 30 March 2025, provide to eligible ration cardholders?
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Correct answer: C — 6 kg
The state supplies 6 kg of fine rice per person per month free through the PDS.
Consider the following statements about Telangana's fine rice scheme launched on 30 March 2025: 1. It is expected to cover over three crore people, nearly 85% of the state's population. 2. The CM said the scheme was introduced because the coarse rice supplied earlier was often not consumed and was resold. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
All India Radio reported coverage of over three crore people (about 85%), and the CM said coarse rice was rejected by beneficiaries and misused through resale.
Odisha's Antyodaya Gruha Yojana was launched on 30 March 2025 at Bhawanipatna in which district?
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Correct answer: A — Kalahandi
CM Mohan Charan Majhi launched the scheme at Bhawanipatna, Kalahandi district.
What housing target did the Odisha government set under the Antyodaya Gruha Yojana launched on 30 March 2025?
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Correct answer: B — Over 5 lakh houses in three years
The government aims to build over 5 lakh houses in three years.
Consider the following statements about Odisha's Antyodaya Gruha Yojana: 1. It targets low-income households not yet selected under the Pradhan Mantri Awas Yojana-Gramin. 2. About 60,000 work orders were issued across the state on its launch day. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
The New Indian Express described it as the housing scheme for low-income households not yet selected under PMAY-G; PTI and NIE reported about 60,000 work orders issued on launch day.
According to the Ministry of Defence on 29 March 2025, about how many defence pensioners had been onboarded on SPARSH?
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Correct answer: C — 31 lakh
About 31 lakh of the total 32 lakh defence pensioners had been onboarded.
In the defence pension system SPARSH, what does the 'R' stand for?
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Correct answer: D — Raksha
SPARSH stands for System for Pension Administration – Raksha.
Consider the following statements about SPARSH: 1. It was launched in October 2020 as a Digital India initiative. 2. It is administered by the Defence Accounts Department through the Principal Controller of Defence Accounts (Pensions) located in New Delhi. Which of the above is/are correct?
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Correct answer: A — 1 only
SPARSH was launched in October 2020. It is administered through the PCDA (Pensions) in Prayagraj, not New Delhi.
On which date did the Union Cabinet approve the Electronics Component Manufacturing Scheme (ECMS)?
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Correct answer: B — 28 March 2025
The Union Cabinet approved ECMS on 28 March 2025 with an outlay of ₹22,919 crore.
What production target was set for the Electronics Component Manufacturing Scheme when it was approved on 28 March 2025?
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Correct answer: D — ₹4,56,500 crore
The scheme targets production of ₹4,56,500 crore; ₹59,350 crore is the investment target.
Consider the following statements about the Electronics Component Manufacturing Scheme approved on 28 March 2025: 1. Display module and camera module sub-assemblies are covered under a turnover-linked incentive. 2. Li-ion cells for storage and mobility applications are among the bare components covered. Which of the above is/are correct?
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Correct answer: A — 1 only
Display and camera module sub-assemblies get a turnover-linked incentive. The Li-ion cell category covers digital applications and excludes storage and mobility.
Under which programme did the CCEA include the Kosi–Mechi Intra-State Link Project of Bihar on 28 March 2025?
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Correct answer: A — PMKSY-Accelerated Irrigation Benefits Programme
The project was included under PMKSY-AIBP of the Ministry of Jal Shakti, with ₹3,652.56 crore central support.
The Kosi–Mechi link project approved on 28 March 2025 will divert surplus Kosi water into which river basin in Bihar?
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Correct answer: B — Mahananda
The project diverts part of the Kosi's surplus water to the Mahananda basin, irrigating Araria, Purnea, Kishanganj and Katihar.
What is the approximate budget requirement for Nutrient Based Subsidy on P&K fertilisers for Kharif 2025, approved on 28 March 2025?
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Correct answer: D — ₹37,216 crore
The Cabinet approved NBS rates for Kharif 2025 with a budget need of about ₹37,216.15 crore.
Under the Kharif 2025 NBS decision of 28 March 2025, freight subsidy was extended for which fertiliser?
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Correct answer: D — Single Super Phosphate (SSP)
The freight subsidy on Single Super Phosphate (SSP) was extended to Kharif 2025.
Which components of the Gold Monetisation Scheme were discontinued with effect from 26 March 2025?
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Correct answer: B — Medium Term and Long Term Government Deposits
The Medium Term and Long Term Government Deposit (MLTGD) components were discontinued; the Short Term Bank Deposit may continue at banks' discretion.
After the March 2025 changes to the Gold Monetisation Scheme, what happens to the Short Term Bank Deposit (1–3 years)?
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Correct answer: D — It continues at the discretion of individual banks based on commercial viability
The Short Term Bank Deposit may continue at the discretion of individual banks, based on their assessment of commercial viability.
What happens to gold already deposited under the Medium and Long Term Government Deposit components of the GMS, after they were discontinued in March 2025?
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Correct answer: A — It continues until redemption as per existing guidelines
Existing deposits under MLTGD continue until redemption as per the extant GMS guidelines.
Consider the following statements about the Gold Monetisation Scheme (GMS): 1. The GMS was announced on 15 September 2015 to reduce India's reliance on gold imports in the long run. 2. Under the GMS, the Long Term Government Deposit had a tenure of 12–15 years. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
The GMS was announced on 15 September 2015 to reduce reliance on gold imports and mobilise household and institutional gold. Its components were the Short Term Bank Deposit (1–3 years), Medium Term Government Deposit (5–7 years) and Long Term Government Deposit (12–15 years).
How many more districts of Uttar Pradesh did ESIC notify under the ESI Scheme, as announced on 25 March 2025?
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Correct answer: C — 15
ESIC notified 15 more districts of Uttar Pradesh, adding 53,987 insured persons.
After ESIC's notification of 15 more districts in March 2025, how many of Uttar Pradesh's 75 districts are fully covered under the ESI Scheme?
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Correct answer: D — 74
74 of Uttar Pradesh's 75 districts are now fully covered, benefiting 30.08 lakh insured persons and 1.16 crore beneficiaries.
What was the UN theme for World Water Day 2025?
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Correct answer: A — Glacier Preservation
UN-Water set 'Glacier Preservation' as the theme of World Water Day 2025.
Where was Jal Shakti Abhiyan: Catch the Rain 2025 launched on World Water Day 2025, the first time the campaign was launched outside Delhi?
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Correct answer: B — Panchkula, Haryana
The sixth edition was launched at Panchkula, Haryana, the first time it was launched outside Delhi.
How many focus districts did Jal Shakti Abhiyan: Catch the Rain 2025 give special emphasis to?
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Correct answer: B — 148
The nationwide virtual launch placed special emphasis on 148 focus districts.
Consider the following statements: 1. The UN General Assembly designated 22 March as World Water Day in 1993. 2. The UN declared 2025 as the International Year of Glaciers' Preservation. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
The UN fact sheet says the General Assembly designated 22 March as World Water Day in 1993. The UN also declared 2025 the International Year of Glaciers' Preservation, which is why the 2025 theme was 'Glacier Preservation'.
Noklak, which Raksha Khadse visited on 22 March 2025 as the first Union Minister to go there, is known as the 'Frontier District' of which state?
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Correct answer: C — Nagaland
Noklak lies in Nagaland's easternmost region and is known as the 'Frontier District'.
Which ministry organised the 'Udyam Utsav' at Rashtrapati Bhavan from 20 to 30 March 2025?
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Correct answer: B — Ministry of MSME
The Ministry of MSME organised the Udyam Utsav at Rashtrapati Bhavan.
From which date did the PFRDA regulations operationalising the Unified Pension Scheme, notified in March 2025, come into effect?
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Correct answer: C — 1 April 2025
The PFRDA regulations, notified by gazette dated 19 March 2025, came into effect on 1 April 2025.
Under the Unified Pension Scheme, the full assured payout is what share of the average basic pay of the last 12 months before superannuation?
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Correct answer: B — 50%
The full assured payout is 50% of the 12-month average basic pay immediately before superannuation, payable after at least 25 years of qualifying service.
What is the minimum guaranteed monthly payout under the Unified Pension Scheme for a subscriber who superannuates after at least 10 years of qualifying service?
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Correct answer: A — ₹10,000
A minimum guaranteed payout of ₹10,000 a month applies when superannuation is after 10 or more years of qualifying service.
Consider the following statements about the Unified Pension Scheme (UPS): 1. Besides 10% to the employee's individual corpus, the government contributes an additional 8.5% to a pool corpus. 2. The family payout under UPS is 60% of the subscriber's payout. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
PFRDA's comparison gives UPS contributions as 10% (employee) + 10% (Government) + 8.5% (pool corpus), and family benefits as 60% of the subscriber's payout. Both statements are correct.
Up to what transaction value are UPI person-to-merchant payments of small merchants covered under the incentive scheme approved by the Cabinet on 19 March 2025?
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Correct answer: B — ₹2,000
Only UPI P2M transactions of up to ₹2,000 for small merchants are covered under the scheme.
At what rate is the incentive paid on eligible low-value BHIM-UPI person-to-merchant transactions under the 2024-25 scheme?
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Correct answer: B — 0.15% of transaction value
The incentive is 0.15% of transaction value for small-merchant transactions up to ₹2,000. 0.30% is the MDR cap NPCI sets for UPI P2M, and 0.90% is RBI's debit card MDR cap.
Consider the following statements about the BHIM-UPI P2M incentive scheme approved in March 2025: 1. 80% of a bank's admitted claim for each quarter is paid without any condition. 2. 10% of the claim is paid only if the acquiring bank's system uptime is above 99.5%. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
80% of the admitted claim is disbursed unconditionally; of the remaining 20%, 10% depends on technical decline below 0.75% and 10% on system uptime above 99.5%. Both statements are correct.
What is the total outlay of the revised Rashtriya Gokul Mission approved by the Cabinet on 19 March 2025 for 2021-22 to 2025-26?
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Correct answer: B — ₹3,400 crore
With an additional ₹1,000 crore, the revised RGM has a total outlay of ₹3,400 crore for the 15th Finance Commission cycle.
Under the revised Rashtriya Gokul Mission (March 2025), what support is given to farmers who take loans to buy high genetic merit IVF heifers?
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Correct answer: B — 3% interest subvention
A 3% interest subvention is provided on loans taken by farmers from milk unions, financial institutions or banks to buy HGM IVF heifers. The 35% assistance is for Heifer Rearing Centres.
Component B of the revised National Programme for Dairy Development, 'Dairying through Cooperatives', is implemented with the cooperation of which country?
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Correct answer: D — Japan
Component B continues dairy development through cooperation with the Government of Japan and JICA in nine states.
What is the total budget of the revised National Programme for Dairy Development approved by the Cabinet on 19 March 2025?
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Correct answer: A — ₹2,790 crore
The revised NPDD was enhanced by ₹1,000 crore to a total of ₹2,790 crore for 2021-22 to 2025-26.
PM Surya Ghar: Muft Bijli Yojana crossed which milestone of rooftop solar installations in March 2025?
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Correct answer: C — 10 lakh
The MNRE said 10.09 lakh installations had been completed as of 10 March 2025.
Which two Union Territories were reported in March 2025 to have achieved 100% of their government-building rooftop solar targets under PM Surya Ghar?
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Correct answer: A — Chandigarh and Daman & Diu
The MNRE said Chandigarh and Daman & Diu had achieved 100% of their government-building rooftop solar targets.
PM-YUVA 3.0, launched on 11 March 2025, mentors authors below what age?
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Correct answer: B — 30 years
PM-YUVA 3.0 trains young and budding authors below 30 years of age.
Which of the following is NOT one of the three themes of PM-YUVA 3.0?
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Correct answer: A — Unsung Heroes of the Freedom Movement
The three themes are the Indian Diaspora in Nation Building, the Indian Knowledge System, and Makers of Modern India (1950–2025).
Consider the following statements about PM-YUVA 3.0: 1. A total of 50 authors are to be selected, of whom 20 are for the Indian Knowledge System theme. 2. The selection contest is conducted through the MyGov portal. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: 50 authors are selected — 10 for the Diaspora theme, 20 for Indian Knowledge System and 20 for Makers of Modern India — through an all-India contest on MyGov.
According to C.R. Patil on 10 March 2025, how many rainwater harvesting structures were built in Navsari within 24 hours during the PM's Women's Day visit?
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Correct answer: C — 1,100
Patil said 1,100 rainwater harvesting structures were created in Navsari within 24 hours through community participation.
Consider the following statements about the Atal Bhujal Yojana: 1. It is a central sector scheme for community-led groundwater management, half of whose ₹6,000-crore outlay comes from a World Bank loan. 2. It covers all states that have over-exploited groundwater blocks. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: the scheme covers seven states — Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh — in 80 districts.
In which district of Gujarat did PM Modi interact with Lakhpati Didis on International Women's Day 2025?
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Correct answer: D — Navsari
The PM took part in a Lakhpati Didi programme at Vansi Borsi village in Navsari district on 8 March 2025.
G-SAFAL, the Gujarat scheme launched by the PM at Navsari on 8 March 2025, is aimed at:
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Correct answer: B — SHG women of Antyodaya families in aspirational districts and blocks
G-SAFAL (Gujarat scheme for Antyodaya Families for Augmenting Livelihoods) gives financial help and entrepreneurial training to SHG women of Antyodaya families in two aspirational districts and 13 aspirational blocks. G-MAITRI supports rural-livelihood startups.
According to the PM at Navsari on 8 March 2025, about how many women had already become Lakhpati Didis?
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Correct answer: C — 1.5 crore
The PM said around 1.5 crore women had become Lakhpati Didis, against the target of 3 crore.
Consider the following statements about a 'Lakhpati Didi': 1. She is a Self-Help Group member with an annual household income of ₹1 lakh or more. 2. The income is calculated for at least four agricultural seasons and/or business cycles. 3. The initiative is an outcome of the Pradhan Mantri Awas Yojana–Gramin. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
A Lakhpati Didi is an SHG member earning ₹1 lakh or more a year, over at least four agricultural seasons or business cycles (average monthly income above ₹10,000). The initiative comes under the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM), not PMAY-G.
What was the theme of the 7th Jan Aushadhi Diwas, observed on 7 March 2025?
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Correct answer: A — Jan Aushadhi: Daam Kam Dawai Uttam
The 2025 theme was 'Jan Aushadhi: Daam Kam Dawai Uttam' (lower price, better medicine).
How many Jan Aushadhi Kendras were there after more than 200 new ones opened during the 2025 Jan Aushadhi week?
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Correct answer: C — 15,291
More than 200 new Jan Aushadhi Kendras opened, taking the total to 15,291 as of 7 March 2025.
On the 7th Jan Aushadhi Diwas (7 March 2025), Union Minister J.P. Nadda visited the Jan Aushadhi Kendra at which AIIMS?
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Correct answer: B — AIIMS Bilaspur
Nadda visited the Jan Aushadhi Kendra at AIIMS Bilaspur, Himachal Pradesh, and interacted with beneficiaries.
Consider the following statements about the Pradhan Mantri Bhartiya Janaushadhi Pariyojana (PMBJP): 1. It began in November 2008 as the Jan Aushadhi Scheme of the Department of Pharmaceuticals. 2. It was revamped in 2015 as the Pradhan Mantri Janaushadhi Yojana before being given its present name. 3. It is administered by the Ministry of Health and Family Welfare. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
The scheme was launched in November 2008 by the Department of Pharmaceuticals with Central Pharma PSUs, revamped in September 2015 as Pradhan Mantri Janaushadhi Yojana, and later renamed PMBJP. It is under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, not the Health Ministry.
Which campaign did PM Modi launch at Limbayat, Surat, on 7 March 2025?
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Correct answer: B — Surat Food Security Saturation Campaign
The PM launched the Surat Food Security Saturation Campaign and distributed NFSA benefits to over 2.3 lakh beneficiaries.
Under the Surat food security saturation approach, about how many new beneficiaries had the Surat administration identified, as stated by the PM on 7 March 2025?
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Correct answer: D — Over 2.5 lakh
The PM said over 2.5 lakh new beneficiaries, including many elderly, widowed and differently-abled people, had been identified.
AIKosha, launched by MeitY on 6 March 2025, is primarily a:
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Correct answer: A — Platform of datasets, models and use cases for AI development
AIKosha is the IndiaAI Datasets Platform: a secure repository of datasets, models and use cases with an AI sandbox and tools.
How many models did AIKosha host at its launch in March 2025, as stated by Ashwini Vaishnaw?
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Correct answer: B — Over 80
The minister said AIKosha hosts over 300 datasets and over 80 models.
The IndiaAI Startups Global Acceleration Program announced on 6 March 2025 is being run with Station F and which institution?
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Correct answer: C — HEC Paris
The program with Station F and HEC Paris will give ten Indian AI startups a four-month acceleration programme in Paris.
iGOT-AI, launched on 6 March 2025, is an AI-powered content recommendation system for which platform?
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Correct answer: D — iGOT Karmayogi
iGOT-AI provides personalised learning recommendations to government officials on the iGOT Karmayogi platform.
Consider the following statements about the IndiaAI Mission: 1. The IndiaAI Datasets Platform is one of the mission's pillars, and AIKosha was launched under it. 2. The mission is implemented by the IndiaAI Independent Business Division under the Digital India Corporation. 3. The mission was approved by the Union Cabinet in March 2023. Which of the statements given above are correct?
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Correct answer: D — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: the Cabinet approved the IndiaAI Mission on 7 March 2024, so 6 March 2025 marked its first anniversary.
In which city was the new Credit Assessment Model for MSMEs launched by Nirmala Sitharaman on 6 March 2025?
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Correct answer: A — Visakhapatnam
The model was launched at a post-Budget interaction in Visakhapatnam, Andhra Pradesh.
The new Credit Assessment Model for MSMEs launched in March 2025 was first announced in which Union Budget?
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Correct answer: B — Union Budget 2024-25
The Union Budget 2024-25 announced that public sector banks would develop an in-house model to assess MSMEs for credit.
Which of the following is NOT true of the Credit Assessment Model for MSMEs launched in March 2025?
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Correct answer: C — It was developed by the Reserve Bank of India for private banks
The model was built by public sector banks, as announced in the Budget, not by the RBI. The other three statements are true.