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Question

Union Culture Ministry is set to implement "Financial Assistance for Veteran Artists" along with which bank?
  • Canara Bank
  • HDFC Bank
  • State Bank of India
  • Punjab National Bank
Answer- A
A Memorandum of Understanding (MoU) was signed between Ministry of Culture and Canara Bank for disbursal of financial assistance to veteran artists under the "Scheme for Financial Assistance for Veteran Artists". Under the scheme, a financial assistance of Rs. 6000/- per month is provided to artists and scholars above the age of 60 years who have contributed significantly in their specialized fields of performing arts and culture. Hence, option 'A' is correct.