Which of the following statements with regard to the Pradhan Mantri Yu

Which of the following statements with regard to the Pradhan Mantri Yuva Yojana is/are correct?

  • 1. This is a scheme on entrepreneurship education and training.
  • 2. The scheme spans over a period of five years (2016-17 to 2020-21) with a project cost of around ₹ 500 crore.

Select the correct answer using the code given below :

1 only
2 only
Both 1 and 2
Neither 1 nor 2
This question was previously asked in
UPSC CISF-AC-EXE – 2017
The correct answer is Both 1 and 2.
Statement 1 is correct. The Pradhan Mantri Yuva Yojana (PMYUVA) is indeed a scheme focused on entrepreneurship education and training, aiming to create an enabling ecosystem for entrepreneurship development among the youth.
Statement 2 is also correct. The scheme was launched in 2016 and envisioned to span over five years, from 2016-17 to 2020-21, with a total project cost allocated around ₹499.94 crore (approximately ₹ 500 crore) for implementation across the country.
PMYUVA was implemented by the Ministry of Skill Development and Entrepreneurship through various institutes including Centrally funded and State funded institutions, colleges and universities, and entrepreneurial hubs. It aimed to train over 7 lakh youth in entrepreneurship during its tenure.