UGC NET Management Previous Year Solved Papers - July 2016
41. Match the items of List–I with List–II :
| List–I | List–II |
| (a) Promotion assistance for the development of Khadi | 1. SFURTI |
| (b) A scheme of fund for registration of traditional industries | 2. ISEC |
| (c) Interest subsidy eligibility for all institutions registered under KVIC | 3. MDA |
- Option : A
- Explanation : SFURTI: SFURTI is a Scheme of Fund for Regeneration of Traditional Industries Ministry of MSME has launched this scheme in the year 2005 with the view to promote Cluster development.
MDA: MDA is promotion assistance for the development of Khadi. MDA is paid at 20% on Production. Out of the MDA, paid to the institution 25% goes to Artisans as a direct incentive, 30% to an institution for production, and 45% for marketing.
ISEC: Interest Subsidy Eligibility Certificate The scheme is applicable for all registered institutions of KVIC or KVIB for strengthening of production of Khadi & V.I. Under this scheme, bank loan at concessional rate of 4% interest p.a. can be availed by institutions.
- Option : C
- Explanation : Board of Industrial and Financial Reconstruction (BIFR) was set up in January 1987 under the Sick Industrial Companies (Special Provision Act 1985) in order to revive potentially viable companies. The decision of BIFR is final as it has it's binding an all concerned, from 15th May 1987 the Board became operational. In December 1991 public sector enterprises were brought within the purview of BIFR through an amendment of the SICA.
- Option : B
- Explanation : The Union Budget 1996-97 proposed to transform the IRBI into a full-fledged all-purpose development finance institution. Accordingly, on March 27, 1997, IRBI was transformed into Industrial Investment Bank of India Ltd. (IIBI), by registering it as a limited company under the Companies Act, 1956. The purpose of this change was to make this institution a full-fledged development financial institution. IIBI offers a variety of financial products such as project finance, short-duration non-project asset-backed financing, and working capital and other short-term loans to companies.
