Assam CM unveils ‘Mukhya Mantri Mahila Udyamita Abhiyan’ scheme

Current Context: On 12th January 2024, The Mukhya Mantri Mahila Udyamita Abhiyan, also known as the Lakhpati Baideo Scheme, was unveiled by the Chief Minister of Assam for rural women entrepreneurs, which comes with a few conditions, including a cap on the number of children they have.

• Women from general and OBC categories cannot have more than three children if they wish to avail of the benefits.
• The limit is four children for women from Scheduled Tribes (STs) and Scheduled Castes (SCs).
• The scheme aims to help women who are part of self-help groups in rural parts of the state develop into “rural micro-entrepreneurs,” with the target being an annual income of Rs 1 lakh for each member.
• In the first year, the government will provide them with Rs 10,000 if they fulfill the basic eligibility criteria.
• Subject to whether these funds are utilized, over the next two years, they will be given Rs 12,500 by the government and a Rs 12,500 loan from a bank.

Question:

Q.1 What is the annual income target for each member under the new financial support scheme in Assam?
a. Rs 50,000
b. Rs 1 lakh
c. Rs 2 lakhs
d. Rs 5 lakhs