What’s in the news? Union Minister Dr Jitendra Singh said that India has witnessed investment of over Rs.1,000 crore in Space Startups in the last nine months of the current financial year from April to December 2023. India’s Space sector …
About the scheme The Production Linked Incentive (PLI) aims to give companies incentives on incremental sales from products manufactured in domestic units. Apart from inviting foreign companies to set shop in India, the scheme also aims to encourage local companies …
About the Scheme Sovereign Gold Bonds (SGBs) are bonds that are issued by the RBI on behalf of the Government on payment of rupees but denominated in grams of gold. The value of these bonds is tied to the value …
About the Portal In 2021, the Ministry of Labour and Employment unveiled the e-shram portal to register 38 crore unorganised workers, such as construction labourers, migrant workforce, street vendors and domestic workers, among others. The workers will be issued …
Context The International Monetary Fund (IMF) has cleared the second tranche — of about US$337 million — of the Extended Fund Facility (EFF) to Sri Lanka, based on the debt treatment plan drawn up by the crisis-battered island nation and …
About the Act The Scheduled Tribes and Other Forest Dwellers (Recognition of Forest Rights) Act, 2006 is a people-centric law for forests, which recognises the rights of forest- dwelling communities to use and manage forest resources. With more than 150 …
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 Scheme In 2014, the government launched Pradhan Mantri Jan Dhan Yojana (PMJDY) to bring about comprehensive financial inclusion in the country. PMJDY envisages universal access to banking facilities with at least one basic banking account for ‘every …
About AIF The Government of India launched the Central Sector Scheme of financing facility under the Agriculture Infrastructure Fund (AIF) in 2020. AIF is a medium – long term debt financing facility for investment in viable projects for post-harvest management …