General Awareness

GOVERNMENT POLICIES AND SCHEMES - January 2019

Jan 2019

May 03, 2021

SIDBI Launches SHWAS and AROG Loan Schemes for MSMEs

The Small Industries Development Bank of India (SIDBI) has launched two loan products for MSMEs to help them with the required financial support in the fight against the COVID-19 pandemic. These two new quick credit delivery schemes will facilitate funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs by MSMEs.
The two new loan products are:
SHWAS – SIDBI assistance to Healthcare sector in War Against Second wave of COVID19.
AROG – SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic.
The schemes are devised under the guidance of the Government of India (GoI) which facilitates funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs.

Apr 24, 2021

Atal Pension Yojana Sees 79 Lakh New Additions in FY21

Atal Pension Yojana (APY) subscribers crossed the 3-crore mark by the end of March 2021 with addition of over 79 lakh new subscribers to the scheme in 2020-21.
According to the Pension Fund Regulatory and Development Authority (PFRDA), during the financial year 2020-21, more than 79 lakh new APY subscribers joined Atal Pension Yojana (APY) leading total enrolments to over 3.02 crore as on March 31, 2021.
With regard to 79.14 lakh new additions during 2020-21, SBI sourced as many as 28 per cent, equivalent to 22.07 lakh subscribers, followed by Canara Bank and Indian Bank, sourcing 5.89 lakh and 5.17 lakh subscribers, respectively.
Among others, Bank of Baroda, Airtel Payment Bank, Bank of India, Central Bank of India, Punjab National Bank, Union Bank of India, Indian Overseas Bank, Axis Bank, HDFC Bank, Aryavart Bank and Baroda UP Bank added between 1 and 5 lakh new APY accounts in 2020-21.

Apr 23, 2021

AP Launches Jagananna Vidya Deevena Scheme

The Chief Minister of Andhra Pradesh, YS Jagan Mohan Reddy released the first tranche of Rs. 672 crore under the Jagananna Vidya Deevena Scheme for the year 2021-22. This reimbursed the fees for 10.88 lakh students. So far, a total of Rs. 4, 879 crore have been disbursed under the Jagananna Vidya Deevena Scheme.
The main objective of the Jagananna Vidya Deevena Scheme is to provide scholarships to all the students who are not able to pay their fees because of their financial burden.
The scheme mainly focuses on students seeking higher education. It aims to provide fee reimbursement to more than 14 lakh students of the state.
The scheme will directly credit the amount into the accounts of students' mothers. Earlier, the money was transferred to the owners of the colleges.

Apr 22, 2021

Piyush Goyal Launches Startup India Seed Fund Scheme

Union Minister for Commerce and Industry, Piyush Goyal launched the Startup India Seed Fund Scheme (SISFS). The Fund aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. An amount of Rs. 945 crore corpus will be divided over the next 4 years for providing seed funding to eligible startups through eligible incubators across India. The scheme is expected to support an estimated 3,600 startups through 300 incubators.
Mr. Goyal said that the SISFS will Secure seed funding, Inspire innovation, Support transformative ideas, Facilitate implementation, and Start startup revolution. He said that this Scheme will create a robust startup ecosystem, particularly in Tier 2 and Tier 3 towns of India, which are often deprived of adequate funding. The Minister said that he would like to especially encourage innovators from rural areas to come forward and benefit from this scheme.

Apr 16, 2021

Van Dhan Vikas Yojana - Promoting and Backing Tribal Entrepreneurship

TRIFED spearheads implementation of the Van Dhan programme in 27 States and 307 Districts with availability of MFPs and significant forest dwelling tribal population. Collection and sale of MFPs contribute 40 – 60 % of tribal annual earnings and further "Value Addition" helps in tripling or quadrupling their income. The program addresses the formidable problems that the Tribals face such as possession of land/house with no rights; restrictions in the collection of minor forest produce; exploitation by middlemen; displacement from national parks and wild sanctuaries, lack of development in forest villages etc.
The Van Dhan Yojana or Van Dhan Scheme, a component of the The 'Mechanism for Marketing of Minor Forest Produce (MFP) through Minimum Support Price (MSP) & Development of Value Chain for MFP' was launched on 14th April, 2018. Implemented by TRIFED as the nodal agency at the national level, the Van Dhan start ups is a well thought master plan for the socio-economic development of the tribal population of the country.

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