Q. What is the objective of Tantya Mama Economic Welfare Scheme? (MPPSC State Services Prelims 2023)
Answer: Supplying low-cost equipment and capital to BPL Scheduled Tribes
Notes: The Tantya Mama Economic Welfare Scheme provides bank loans to Scheduled Tribes members aged 18-55 who are below the poverty line. Loans range from ₹10,000 to ₹1,00,000 with 7% interest subsidy and bank loan guarantee fees for up to five years. The scheme supports self-employment activities by supplying low-cost equipment and working capital to BPL Scheduled Tribe beneficiaries. It aims to promote the establishment of new industries and businesses among these groups in Madhya Pradesh.