About the scheme Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme of Government of India to “fund the unfunded” by bringing such enterprises to the formal financial system and extending affordable credit to them. Launched in 2015 to promote …
About the project In 2021, the Government of India launched the “PM GatiShakti — National Master Plan” for infrastructure development aimed at boosting multimodal connectivity and driving down logistics costs. PM GatiShakti is a digital platform that connects 16 ministries …
Context India’s manufacturing sector is largely dominated by micro and small enterprises which play a critical role in achieving the objectives of faster and more inclusive growth in India due to its vast employment potential and its contribution to total …
About It replaces nine laws related to social security, including the Employees’ Provident Fund Act, 1952, the Maternity Benefit Act, 1961, and the Unorganised Workers’ Social Security Act, 2008. Social security refers to measures to ensure access to health care …
About Payments banks Payments banks are the new age banks with limited facilities. These banks mostly operate through the small vendors and shopkeepers. It exists in between the mobile wallet and regular banks. Payments banks are permitted to set up …
What’s in the news? India’s trade deficit with China has touched $71.56 billion in the first 10 months of 2022-23, just $1.7 billion short of the record high of $73.31 billion in 2021-22. The trade deficit with China has decreased …
Context The Indian Himalayan Region (IHR), with its rich biodiversity, glaciers, water resources and cultural diversity, attracts a large number of visitors from all over the world. According to NITI Aayog, as of 2018, West Bengal sees the highest inflow …
Context Recently, four persons were arrested in Tamil Nadu for allegedly assaulting migrant workers. The incident sparked questions on the safety of migrants in the country. Migration in India According to official sources, over 37 per cent of the population …
What’s in the news? India and Australia have reached a major milestone in working towards investment in critical minerals projects to develop supply chains between the two countries. The Partnership has identified five target projects (two lithium and three cobalt). …