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.
Apr 15, 2021
NIUA Launches Infant, Toddler and Caregiver-Friendly Neighbourhoods Training and Capacity Buildin...
National Institute of Urban Affairs (NIUA) in partnership with Bernard van Leer Foundation (BvLF) virtually launched the 'Infant Toddler and Caregiver-friendly Neighbourhoods (ITCN) Training and Capacity Building Programme'. The Programme is designed to help build capacities of city officials and young professionals for developing young children and family-friendly neighbourhoods within cities in India.
The programme is envisioned with the twin objectives: First, embedding the learnings from the inventory of knowledge developed by NIUA and BvLF within the on-going and proposed urban development initiatives at neighbourhood and city level; and second, handholding participants to embed learnings into the various initiatives of the cities, taking into account the everyday needs of young children and caregivers. In addition, an academic certified course for young professionals has been planned to sensitize them about the needs of young citizens (0-5 years) in the city and to equip them with the adequate tools for the purpose.
The event was launched remotely by Mr. Kunal Kumar, Joint Secretary & Mission Director (Smart Cities), Ministry of Housing and Urban Affairs, GoI.
Apr 14, 2021
Mission Aahaar Kranti
The Union Minister of Health and Family Welfare Dr. Harsh Vardhan launched "Mission Aahaar Kranti". The mission aims to spread the message of the importance of nutritionally balanced diet. It will also promote the importance of accessibility to local fruits and vegetables.
The Mission is designed to address the major problem faced by India and the world, which is, "Hunger and Diseases in Abundance".
India produces two times the amount of calories it consumes. Still, several people are malnourished in the country.
The mission is also co-launched by the Vijnana Bharti and Global Scientists and Technocrats Forum.
The motto of the mission is "Good Diet-Good Cognition".
According to UNICEF, India is at the tenth spot among countries with highest number of underweight children. Also, the organisation says that India is at the seventeenth spot among countries with highest number of stunted children. Both the problems of stunting and underweight are caused by malnutrition.
Apr 11, 2021
President Promulgates Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021
The President promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 for providing pre-packaged resolution for micro, small and medium enterprises (MSMEs).
The government said that it has set the minimum default threshold for initiation of pre-packaged insolvency resolution process by a MSME corporate debtor at Rs. 10 lakh.
While pre-packaged resolution is for defaults up to Rs. 1 crore.
Pre-pack for MSMEs is a hybrid corporate rescue process, which blends elements and virtues of both formal and informal insolvency proceedings. A resolution plan is negotiated between debtor and its creditors before commencement of formal proceedings.
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