Daily Current Affairs : 15-March-2024

On a latest event, the Prime Minister truly launched an important initiative known as the Pradhan Mantri Samajik Utthan evam Rozgar Adharit Jankalyan (PM-SURAJ) portal. This portal is designed to assist entrepreneurs, especially the ones from deprived sections of society, advantage get right of entry to to credit and financial guide.

Purpose of the PM-SURAJ Portal

The major goal of the PM-SURAJ portal is to empower folks who may face demanding situations in gaining access to economic resources. By providing a centralized platform, the authorities goals to make it less difficult for these entrepreneurs to apply for loans and screen their progress. This is critical for fostering entrepreneurship and growing process possibilities.

Key Features of the Portal

  • One-Stop Solution: The PM-SURAJ portal serves as a single factor of get entry to for various loan and credit score schemes provided via the Ministry of Social Justice and Empowerment.
  • User-Friendly Interface: The portal is designed to be smooth to use, making sure that candidates can navigate it without any problems.
  • Real-Time Monitoring: Users can track their utility repute and screen their loan development in actual time, providing transparency and warranty.

Importance for Disadvantaged Sections

Entrepreneurs from deprived backgrounds often warfare to steady funding due to numerous barriers. The PM-SURAJ portal ambitions to interrupt down these barriers by way of:

  • Providing Equal Opportunities: By facilitating get right of entry to to credit score, the portal ensures that everybody has the chance to start and develop their personal businesses.
  • Encouraging Entrepreneurship: With financial help, people are more likely to take the leap into entrepreneurship, main to activity introduction and economic increase.
  • Building Confidence: Access to investment can assist build self assurance among aspiring entrepreneurs, encouraging them to pursue their desires.

Important Points:

  • Launch of PM-SURAJ Portal:
    • Initiative by the Prime Minister to assist entrepreneurs from disadvantaged sections of society.
  • Purpose of the Portal:
    • Empower individuals facing challenges in accessing financial resources.
    • Centralized platform for loan applications and progress monitoring.
    • Critical for fostering entrepreneurship and job creation.
  • Key Features of the Portal:
    • One-Stop Solution: Access to various loan and credit schemes from the Ministry of Social Justice and Empowerment.
    • User-Friendly Interface: Easy navigation for applicants.
    • Real-Time Monitoring: Track application status and loan progress transparently.
  • Importance for Disadvantaged Sections:
    • Providing Equal Opportunities: Ensures everyone can start and grow their businesses.
    • Encouraging Entrepreneurship: Financial support increases likelihood of starting businesses.
    • Building Confidence: Access to funding boosts confidence among aspiring entrepreneurs.

Why In News

The Prime Minister virtually launched the Pradhan Mantri Samajik Utthan evam Rozgar Adharit Jankalyan (PM-SURAJ) portal, aimed at providing credit support to entrepreneurs from disadvantaged sections of society. This initiative is a significant step towards fostering inclusivity and promoting economic growth by empowering those who often face barriers in accessing financial resources.

MCQs about Launch of the PM-SURAJ Portal

  1. What is the main purpose of the PM-SURAJ portal?
    A. To provide entertainment resources
    B. To assist entrepreneurs from disadvantaged sections in accessing credit
    C. To promote tourism in India
    D. To facilitate international trade
    Correct Answer: B. To assist entrepreneurs from disadvantaged sections in accessing credit
    Explanation: The PM-SURAJ portal is specifically designed to empower individuals from disadvantaged backgrounds by providing them access to credit and financial support.
  2. Which of the following is NOT a key feature of the PM-SURAJ portal?
    A. One-Stop Solution
    B. User-Friendly Interface
    C. Real-Time Monitoring
    D. Free Online Courses
    Correct Answer: D. Free Online Courses
    Explanation: The portal focuses on providing access to loan and credit schemes, along with features like real-time monitoring and a user-friendly interface, but it does not offer free online courses.
  3. How does the PM-SURAJ portal aim to support entrepreneurship?
    A. By providing tax exemptions
    B. By facilitating access to credit
    C. By creating government jobs
    D. By promoting foreign investments
    Correct Answer: B. By facilitating access to credit
    Explanation: The portal aims to encourage entrepreneurship by providing financial support, which helps individuals start and grow their businesses.
  4. What impact does the PM-SURAJ portal intend to have on aspiring entrepreneurs?
    A. Increase the cost of starting a business
    B. Decrease confidence among entrepreneurs
    C. Build confidence and encourage pursuit of dreams
    D. Limit the number of new businesses
    Correct Answer: C. Build confidence and encourage pursuit of dreams
    Explanation: The portal is designed to provide access to funding, which can boost confidence among aspiring entrepreneurs and motivate them to pursue their business ambitions.

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