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Banking Exams Exam  >  Banking Exams Questions  >  Which of the following programmes is being im... Start Learning for Free
Which of the following programmes is being implemented by the National Bank for Agricultural and Rural Development (NABARD)?
  • a)
    Prime Minister's Rojgar Yojana (PMRY)
  • b)
    Swarnjayanti Gram Swarojgar Yojana (SGSY)
  • c)
    District Rural Industrial Project (DRIP)
  • d)
    Rural Employment Generation Programme (REGP)
Correct answer is option 'D'. Can you explain this answer?
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Which of the following programmes is being implemented by the National...
Answer:

The correct answer is option 'D': Rural Employment Generation Programme (REGP).

The National Bank for Agricultural and Rural Development (NABARD) is an apex development financial institution in India that focuses on promoting rural development. It plays a crucial role in implementing various programmes and schemes to uplift the rural economy. One of the programmes being implemented by NABARD is the Rural Employment Generation Programme (REGP).

1. Rural Employment Generation Programme (REGP)
The Rural Employment Generation Programme (REGP) aims to promote self-employment opportunities in rural areas by supporting income-generating activities. It focuses on creating sustainable employment opportunities for rural youth and unemployed individuals.

Under REGP, financial assistance is provided to individuals and groups for setting up small and micro-enterprises in the rural sector. The programme encourages entrepreneurship and helps in the development of rural industries.

Key features of REGP:
- Financial assistance: REGP provides financial assistance in the form of term loans and working capital loans to eligible beneficiaries. The loans are provided at a subsidized rate of interest to promote entrepreneurship and economic growth in rural areas.
- Eligibility criteria: Individuals, self-help groups (SHGs), institutions, and cooperatives are eligible to avail of the benefits under REGP. The applicants need to fulfill certain criteria related to age, education, and experience to qualify for the assistance.
- Project cost: REGP supports projects with a total cost of up to Rs. 25 lakh. The financial assistance provided by NABARD can cover up to 90% of the project cost, while the remaining amount needs to be contributed by the beneficiary.
- Project selection: The selection of projects under REGP is done based on their viability and potential for generating employment. The projects should be feasible and have a positive impact on the rural economy.
- Monitoring and support: NABARD monitors the progress of the projects funded under REGP and provides technical guidance and support to the beneficiaries. This ensures the successful implementation and sustainability of the ventures.

Conclusion:
The National Bank for Agricultural and Rural Development (NABARD) implements various programmes to promote rural development. One such programme is the Rural Employment Generation Programme (REGP), which aims to create self-employment opportunities in rural areas. REGP provides financial assistance to individuals and groups for setting up small and micro-enterprises, thereby promoting entrepreneurship and economic growth in rural India.
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Directions: Answer the given question based on the following passage:Agriculture occupies a pivotal position for ensuring livelihood, food and nutritional security, sustainable development and eradication of poverty in India. It is the prime sector for generating employment opportunities for majority of the population of any country.The contribution of agriculture sector to the national gross domestic product (GDP) has been continuously declining over the years, while other sectors, especially the service sector, are showing an increasing trend. In 1970-71, agriculture sector contributed about 44 per cent of GDP, which declined substantially to 13.5 per cent in 2010-11 (at 2004-05).During the last decade, there was a paradigm shift in the patterns of production, consumption, and trade in Indian agriculture through the use of new technologies. The shift in production and consumption from food-grains to high-value agricultural commodities such as fruits and vegetables, milk and milk products, meat, eggs, fish, etc. took place in a big way. Now there is a declining share of traditional crops/commodities in production, consumption and trade in India. Agriculture, horticulture and other non-traditional high-value agricultural crops occupy an important place in income growth in rural areas.Despite being one of the largest producers of many agricultural commodities such as fruits, vegetables, milk and livestock, etc. in the world, the extent of value addition to raw food material in India is only 8%, while it is 23%, 45% and 188% in China, Philippines and UK, respectively. Furthermore, only 2.2% of total fruits and vegetables are processed in India as compared to 30% in Thailand, 80% in Malaysia and 70% in UK.It is pertinent to mention here that total annual loss during the post harvest operations under agriculture produce is approximately Rs. 88,000 crore. This trend can be reversed by properly financing secondary agriculture, which can lead to 2-3 times value addition to primary agriculture products. Most of the primary agriculture produce requires processing before being finally consumed and the value addition/processing of the farm production to transform it into consumable item which is called secondary agriculture. It includes processing and value addition in all food and non-food products for human, animal and industrial use.What according to the passage took place in a big way?

Directions: Answer the given question based on the following passage:Agriculture occupies a pivotal position for ensuring livelihood, food and nutritional security, sustainable development and eradication of poverty in India. It is the prime sector for generating employment opportunities for majority of the population of any country.The contribution of agriculture sector to the national gross domestic product (GDP) has been continuously declining over the years, while other sectors, especially the service sector, are showing an increasing trend. In 1970-71, agriculture sector contributed about 44 per cent of GDP, which declined substantially to 13.5 per cent in 2010-11 (at 2004-05).During the last decade, there was a paradigm shift in the patterns of production, consumption, and trade in Indian agriculture through the use of new technologies. The shift in production and consumption from food-grains to high-value agricultural commodities such as fruits and vegetables, milk and milk products, meat, eggs, fish, etc. took place in a big way. Now there is a declining share of traditional crops/commodities in production, consumption and trade in India. Agriculture, horticulture and other non-traditional high-value agricultural crops occupy an important place in income growth in rural areas.Despite being one of the largest producers of many agricultural commodities such as fruits, vegetables, milk and livestock, etc. in the world, the extent of value addition to raw food material in India is only 8%, while it is 23%, 45% and 188% in China, Philippines and UK, respectively. Furthermore, only 2.2% of total fruits and vegetables are processed in India as compared to 30% in Thailand, 80% in Malaysia and 70% in UK.It is pertinent to mention here that total annual loss during the post harvest operations under agriculture produce is approximately Rs. 88,000 crore. This trend can be reversed by properly financing secondary agriculture, which can lead to 2-3 times value addition to primary agriculture products. Most of the primary agriculture produce requires processing before being finally consumed and the value addition/processing of the farm production to transform it into consumable item which is called secondary agriculture. It includes processing and value addition in all food and non-food products for human, animal and industrial use.Q. The phrase 'paradigm shift' in the passage, refers to

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Which of the following programmes is being implemented by the National Bank for Agricultural and Rural Development (NABARD)?a) Prime Minister's Rojgar Yojana (PMRY) b) Swarnjayanti Gram Swarojgar Yojana (SGSY) c) District Rural Industrial Project (DRIP) d) Rural Employment Generation Programme (REGP) Correct answer is option 'D'. Can you explain this answer?
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