Mizoram Launches 'Bana Kaih' Scheme to Support Farmers and Entrepreneurs
Mizoram Chief Minister Lalduhoma officially launched the state's new flagship initiative, the Hand Holding Scheme (Bana Kaih), during a ceremony held at Vanapa Hall.
The scheme is designed to provide financial assistance and support to entrepreneurs and farmers across the state, promoting economic growth and self-sufficiency through a range of targeted programs.
To support the agricultural sector, the scheme introduces a Minimum Support Price (MSP) for four key crops: ginger, broom, turmeric, and Mizo Bird's Eye chili.
The scheme is also aimed at supporting the implementing departments tasked with ensuring its success.
Chief Minister's Special Category Scheme, which offers grant-in-aid up to Rs 1 lakh. This grant is specifically intended for individuals who may not be in a position to avail of loans but have small livelihood projects that could benefit from a financial boost.
Sep 24, 2024
Celebrating Six Years of Ayushman Bharat
The Ayushman Bharat PM-Jay Jan Arogya Yojana (ABPMJ) scheme introduced by Prime Minister Narendra marked his 6th anniversary.
PM-JAY is the world's largest health insurance scheme fully financed by the government.
Launched in 2018, it offers a sum insured of Rs. 5 lakh per family for secondary care and tertiary care.
Health Benefit Packages covers surgery, medical and day care treatments, cost of medicines and diagnostics.
It is an entitlement-based scheme that targets the beneficiaries as identified by latest Socio-Economic Caste Census (SECC) data.
The National Health Authority (NHA) has provided flexibility to States/UTs to use non- Socio-Economic Caste Census (SECC) beneficiary family databases with similar socio-economic profiles for tagging against the leftover (unauthenticated) SECC families.
The funding for the scheme is shared – 60:40 for all states and UTs with their own legislature.
90:10 in Northeast states and Jammu and Kashmir, Himachal and Uttarakhand and 100% Central funding for UTs without legislature.
Sep 21, 2024
Govt Notifies October 1 as Start Date for Vivad Se Vishwas 2.0 Scheme
The government has notified October 1 as the starting date for direct tax dispute resolution scheme Vivad Se Vishwas 2.0.
Vivad Se Vishwas scheme 2.0 was originally announced in Budget 2024-25 presented in July for resolution of certain income tax disputes pending appeal.
The scheme can be availed by taxpayers who have disputes/appeals, including writs and special leave petitions (appeals) whether filed by the taxpayer or the tax authorities are pending as on July 22, 2024 before the Supreme Court, High Courts, Income Tax Appellate Tribunal, Commissioner/Joint Commissioner (Appeals).
In a significant development for the state of Uttarakhand, Chief Minister Pushkar Singh Dhami expressed his profound gratitude to the Governor for approving the Uttarakhand Public (Government) and Private Property Damage Recovery (Ordinance) Act 2024. This groundbreaking legislation represents a crucial step towards addressing the financial implications of civil unrest and riots in the state.
The newly enacted law introduces a comprehensive framework for claiming compensation for damages caused by rioters. Notably, it extends protection to both government and private property, marking a significant expansion in the scope of recoverable damages. This inclusive approach ensures that all affected parties, whether public institutions or private citizens, have recourse to seek reimbursement for losses incurred during periods of civil unrest.
With the implementation of this Act, Uttarakhand became the third state in India, following Haryana and Uttar Pradesh, to enact such comprehensive property protection legislation. This places Uttarakhand at the forefront of states taking proactive measures to safeguard public and private assets during civil disturbances.
Sep 20, 2024
Assam's 3rd Poverty Alleviation Scheme Launched for 372K Beneficiaries
The Assam government rolled out the third edition of its flagship poverty alleviation scheme 'Orunodoi', covering 37.2 lakh beneficiaries for direct cash transfer.
The 'Orunodoi 3.0' has upped the number of beneficiaries by over 12.5 lakh people across the state from 24.6 lakh recipients of the second edition of this scheme, and thus became the largest state-run DBT initiative in Assam ever.
The scheme, which is designed to empower women members of poor families, will deposit Rs. 1,250 per month directly to their bank accounts on the 10th day of every month.
The 'Orunodoi' scheme was first launched on December 1, 2020, and the second edition of it was announced on December 14, 2022, for adding more beneficiaries to the list.
Cabinet Approves PM-AASHA Scheme Extension with Rs. 35,000 crore Outlay
The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the continuation of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) to ensure fair prices for farmers and to regulate price fluctuations in essential commodities for consumers. This extension will incur a financial outlay of Rs. 35,000 crore during the 15th Finance Commission cycle, up to 2025-26.
The government has converged the Price Support Scheme (PSS) and Price Stabilisation Fund (PSF) schemes under PM-AASHA to serve farmers and consumers more effectively. This integration aims to provide farmers with remunerative prices for their crops, while stabilising the market prices of essential commodities, thus making them affordable for consumers.
Sep 19, 2024
Cabinet Gives Nod to Bio-RIDE Scheme to Support R&D in Biotechnology
The Union Cabinet has approved the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme to boost biotechnology research, innovation, and entrepreneurship with an outlay of Rs. 9,197 crore for the 15th Finance Commission period (2021-22 to 2025-26).
The scheme merges two existing programs — Biotechnology Research and Development (R&D) and Industrial and Entrepreneurship Development (I&ED) — and introduces a new component called 'Bio-manufacturing and Bio-foundry.' This initiative aims to foster innovation, strengthen bio-entrepreneurship, and elevate India's global position in bio-manufacturing and biotechnology.
It will support research, product development, and the transition from academic research to industrial applications, aligning with national and global goals in healthcare, agriculture, sustainability, and clean energy.
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