General Awareness

GOVERNMENT POLICIES AND SCHEMES - January 2019

Jan 2019

Jun 02, 2020

GoI Launches PM SVANidhi Scheme

On June 1, 2020, Government of India launched the Pradhan Mantri SVANidhi Scheme for street vendors. The Union cabinet has cleared the credit amount for the scheme as well.
The scheme is aimed at enabling the street vendors to resume their livelihoods that have been adversely affected due to COVID-19 lockdown.
Housing and Urban Affairs Ministry launched the scheme in pursuance of the announcement made by Finance Minister Nirmala Sitharaman.
The PM SVANidhi or PM Street Vendors Atmanirbhar Nidhi is a credit facility scheme that will help more than 50 lakh urban and rural street vendors.
The scheme will help the street vendors restart their livelihoods. Under the scheme, Rs 10,000 of credit is to be provided to street vendors restart their livelihoods.

Union Cabinet Approves Changes in Definition of MSMEs

The Narendra Modi government announced policy changes for the MSME sector as part of the Atmanirbhar Bharat package.
In the first Cabinet meeting in the second year of the Narendra Modi government, it approved changes to the definition of MSMEs.
According to the new definitions, MSMEs with an investment of Rs 1 cr and turnover of Rs 5 cr will be classified as micro-units.
Units with an investment of Rs 10 cr and turnover of Rs 50 cr will be classified as small units while those with an investment of Rs 50 cr and turnover of Rs 250 cr will be classified as medium units.
Moreover, exports will not be excluded from the turnover cap.

May 31, 2020

K-FON Project of Kerala to be Implemented by December 2020

The Kerala government has announced that its ambitious Kerala Fibre Optic Network (K-FON) project, envisaged to provide free internet access to the poor, would be rolled out by December 2020.
Chief Minister Pinarayi Vijayan informed the decision after a meeting with the heads of companies of the consortium executing the Rs 1,500 crore K-FON project.
The project is being implemented by Kerala State IT Infrastructure Limited and Kerala State Electricity Board.
Optical fibre cables were being laid across the state using KSEB posts.

'One Sun One World One Grid' Initiative

India has come up with a 'One Sun One World One Grid' (OSOWOG) initiative to set up a framework for facilitating global cooperation in this regard aiming at building a global ecosystem of interconnected renewable energy resources that can be seamlessly shared.
The Union Ministry of New and Renewable energy (MNRE), through this initiative, plans to build global consensus about sharing solar resources among more than 140 countries of West Asia and South East Asia.
The global grid plan may also leverage the International Solar Alliance co-founded by India that has 67 countries as members.
It has become India's calling card on climate change and is increasingly being viewed as a foreign policy tool.

May 30, 2020

Madhya Pradesh Launches 'Rozgar Setu' Scheme for Skilled Workers

Madhya Pradesh Chief Minister Shivraj Singh Chouhan has announced the launch of the 'Rozgar Setu' scheme, that would help secure employment for skilled workers who have returned.
The State is the first to devise such a work plan. They are surveying skilled workers who were employed at industries elsewhere, but have now returned.
After such workers requiring employment are identified, the government will contact factory and workshop owners and contractors overseeing infrastructure projects such as road and bridge construction.

May 28, 2020

LIC Launches Modified PM Vaya Vandana Yojana Pension Scheme

After the finance ministry modified PM Vaya Vandana Yojana (PMVVY) pension scheme for senior citizens, Life Insurance Corporation of India (LIC) has launched the non-linked, non-participating, pension plan subsidized by the Centre.
The finance ministry had recently extended the pension plan till 31 March, 2023 with assured interest rate of 7.40% p.a. for FY 2020-21.
This plan will be available for sale commencing for three financial years — up to March 2023, adding that the scheme can be purchased offline as well as online from LIC website.
LIC is solely authorised to run the scheme that offers a total payout not exceeding Rs. 15 lakh.

May 25, 2020

Govt Notifies BS-VI Emission Norms for Quadricycles

The government has notified BS-VI emission norms for quadricycles, paving the way for higher production of the new category of vehicle that was introduced less than two years ago.
The Ministry of Road Transport and Highways has issued notification regarding the emission norms for L7 (quadricycle) category for BS-VI.
These norms are applicable from the date of notification. This notification completes the process of BS-VI for all category vehicles in India.
The emission norms are on the lines of the European Union's World Motorcycle Test Cycle (WMTC).

Andhra Pradesh Launches Mega Restart Package for MSMEs

As a lockdown exit plan, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy announced a mega boost for MSMEs with a Rs 1,110 crore restart package.
The government will be immediately releasing Rs 450 crore as the first installment which would benefit nearly 98,000 units. These units employ more than 10 lakh people who were facing hardships due to the lockdown.

Share on

TCY Analytics (View Subscription Plans)

Subscribe to GK Updates

I want to receive

GK Tags

August GK, July GK, June GK, INTERNATIONAL AFFAIRS, ENVIRONMENT, BUSINESS AND ECONOMY, SCIENCE & TECHNOLOGY, SPORTS, NATIONAL AFFAIRS, DEFENCE, PERSONS IN NEWS, DAYS AND EVENTS, AWARDS AND HONOURS, GOVERNMENT POLICIES AND SCHEMES, GENDER/ HEALTH/ EDUCATION, ART AND CULTURE, BOOKS AND AUTHORS, TOURISM AND HOTEL INDUSTRY AWARENESS, ART AND CULTURE, LAW AND CONSTITUTIONAL AFFAIRS

Start Discussion

On any topic

Take Tests

Compiled from GK updates

Login

Sign Up

Forgot Password

Download TCY App

Unlock All Services And Enjoy The Premium Benefits

US$ 10

US$ 13

US$ 15

US$ 17

US$ 19

US$ 20

US$ 21

US$ 22

US$ 23

US$ 24

US$ 25

US$ 26