Which of the following statements regarding Deen Dayal Upadhyay Swaniyojan Yojana DUSY is are correc...........

Economic Affairs Rural Development

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Which of the following statements regarding Deen Dayal Upadhyay Swaniyojan Yojana (DUSY) is/are correct?

1. DUSY provides financial assistance and basic skill-set to the rural poor looking for self-employment.

2. The scheme works under Ministry of Skill Development and Entrepreneurship.

Select the correct answer using the codes given below

1 only

2 only

Both are correct

None is correct

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Explanation:

First statement is correct. Deendayal Upadhyay Swaniyojan Yojana (DUSY) was launched in 2016 along with Start-Up India scheme with the following objectives-
• To provide skill sets for self-employment to rural masses
• To give incentives to rural poor pursuing self-employment
• To provide financial assistance to self-employed or poor rural entrepreneurs
• To support poor rural people looking to start new business or pursue self-employment options
Second statement is incorrect. The scheme was launched by Ministry of Rural Development.