Prime Minister Narendra Modi has launched Micro, Small and Medium Enterprises (MSME) Support and Outreach Programme that has 12 key initiatives including a 59-minute loan portal for sanction of up to Rs 1 crore for small and medium enterprises. These initiatives will help in the growth, expansion, and facilitation of MSMEs across the country.
Updates * What is the National Health Protection Mission (NHPM)? NHPS is a health insurance scheme which seeks to provide insurance coverage to approximately 50 crore people (with focus on 10 crore poor and vulnerable families) of up to 5 lakh rupees per family per year against hospitalization expenses in …
The Interim Budget 2019-20 placed a strong focus on the rural and farm sectors by introducing Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), guaranteeing direct income support to farmers. This development has renewed the debate on the idea of a Universal Basic Income (UBI).
Sikkim is set to become the first state in India to launch Universal Basic Income (UBI). The idea of universal basic income has gained popularity in the western nations due to the threat of automation-induced job losses. In India, the idea gained ground due to the chronic poverty & inequality and the government’s failure to provide subsidies effectively to poor people. Moreover, the persistent farm distress and poor wage growth across occupations also highlight the need for an income support scheme in India.
While listing out the achievements of the government in social welfare measures, President Ram Nath Kovind recently mentioned that, under the Deen Dayal Antyodaya Yojana, 6 crore women had become members of self-help groups and the government had provided loans worth over Rs 75,000 crore to such groups.
The ambitious Pradhan Mantri Sahaj Bijli Har Ghar Yojana, better known as “Saubhagya” scheme, for universal household electrification is all set to achieve its goal soon with only about 28,000 households left to be electrified all over the country. On the other hand, criticisms have been pouring across the country regarding the scheme’s inability to solve some of the grey areas in the power sector.
Ujwal DISCOM Assurance Yojana (UDAY) is the financial turnaround and revival package for the electricity distribution companies of India (DISCOMS). It was launched with an aim to find a permanent solution to the financial struggle of the power distribution companies. However, even after 3 years of its implementation, the discoms continue to perform poorly. Therefore, urgent reforms are needed to address this issue and strengthen the power sector in India.
Minimum Support Price Scheme (MSP) for Minor Forest Produce (MFP) is a centrally-sponsored scheme launched at the end of 2013-14 (during the 12th five-year plan) to ensure fair and remunerative price to MFP gatherers. Known as ‘Mechanism for marketing of Minor Forest Produce (MFP) through Minimum Support Price (MSP) and development of value chain for MFP’, the scheme was planned as a social safety initiative for MFP gatherers.