Various schemes are run for rural development. National Rural Livelihood Mission is one such governmental initiative for the rural areas. Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM) is a new name given to Aajeevika – NRLM in November 2015. The initiative to move towards a demand-driven strategy enabling the states to formulate their…
The Central Government launched a new literacy scheme, ‘Padhna Likhna Abhiyan. According to the Union Education Minister Ramesh Pokhriyal ‘Nishank’, this new literacy scheme will be a leap forward for achieving the goal of total literacy by 2030. Mr Pokhriyal at a 54th International Literacy Day event stated, “The principal target of the programme is…
The Mid Day Meal Scheme was started in India from 15th August 1995 under the name of ‘National Programme of Nutritional Support to Primary Education (NP-NSPE)’. In October 2007, NP-NSPE was renamed as ‘National Programme of Mid Day Meal in Schools,’ which is popularly known as Mid-Day Meal Scheme. Recently, the Vice President of India…
A Techno-Financial, Incubation, and facilitation Program launched by the Niti Ayaog, the Government of India for supporting several aspects of start-up business and various other self-employment activities. The scheme focuses mainly on technology-driven areas. The main aim of the scheme is to offer at least 100,000 jobs via start-ups. It encourages the proper use of…
The Sustainable Finance Scheme programme is intended to introduce mid- to senior-level management to domestic and international developments in sustainable/green finance, emerging trends, new opportunities, and unexpected risks in financing “green” projects, as well as methods by which their organisations may take environmental considerations into account and integrate them into financial solutions. Overview of Sustainable…
Venture capital is the capital invested in potential startup companies after seeing their long-term growth prospects. These startups have the potential to grow on one hand, but on the other hand, they are risky and need proper care.Venture Capital Assistance Scheme (VCA) has been launched by the Small Farmers Agri-Business Consortium (SFAC) for the benefit…
Vivad se Vishwas Scheme was launched by the Union Finance Minister in the Union Budget 2020. The VSV Scheme was released to decrease unsettled income tax court cases, generate punctual compensations for the Government, and profit for those who pay taxes. The Direct Tax’ Vivad se Vishwas’ Act, 2020 was passed on 17th March 2020,…
A term loan scheme by the Ministry of Social Justice and Empowerment for women entrepreneurs from backward classes to obtain a loan of up to ₹2,00,000/- @ 5% per annum, thereby providing them social & financial security. The scheme is introduced by National Backward Classes Finance and Development Corporation (NBCFDC) and implemented by State Channelising…
A group insurance scheme by MoMSME for khadi artisans (spinners and weavers). The scheme provides insurance cover against normal death, accidental death, permanent or partial disability of the insured artisan. Scholarships are provided to the insurer’s children studying in class 9th to 12th. The artisan must be a member of the approved vocation / occupation…
The Scheme, being implemented by the Ministry of MSME, is an ongoing Scheme of the Ninth Plan (under implementation since 1996), which has been continued for the Twelve Plan (2012-13 to 2016-17) with an outlay of Rs. 24.50 crore. Overview of International Cooperation (IC) Scheme Name International Cooperation Scheme Also known as IC Scheme Launch…
The Zero duty EPCG Scheme is available to exporters of electronic products. It allows import of capital goods for pre-production, production and post-production (including CKD/SKD thereof as well as computer software systems) at zero% customs duty, subject to an export obligation equivalent to 6 times of duty saved on capital goods imported under EPCG scheme,…
The Software Technology Park (STP) Scheme is a 100 percent Export Oriented Scheme for the development and export of computer software, including export of professional services using communication links or physical media. Overview of Software Technology Park Scheme Name Software Technology Park Scheme Also known as STP Launch year 1991 Launched by Government of India…
The Agro Processing Cluster Scheme launched by Ministry of Food Processing Industries aims at development of modern infrastructure and common facilities to encourage groups of entrepreneurs to set up food processing units based on cluster approach by linking groups of producers/ farmers to the processors and markets through a well-equipped supply chain with modern infrastructure.…
Under the Ministry of Tourism, the Government of India launched the PRASAD Scheme in the year 2014-2015. The PRASAD scheme in full form is Pilgrimage Rejuvenation And Spirituality Augmentation Drive. However, the name of the scheme was changed to “National Mission on Pilgrimage Rejuvenation and Spiritual Heritage Augmentation Drive (PRASHAD)” in October 2017. Overview of…
Under the chairmanship of Prime Minister Narendra Modi, the Prime Minister’s Citizen Assistance and Relief in Emergency Situation Fund was created on March 28th, 2020. The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund popularly known as PM-CARES Fund has been established by the government to address any emergency or distress scenario, including…
