Note4Students
From UPSC perspective, the following things are important :
Mains level: Ethanol Production ;
Why in the News?
The Cabinet Committee on Economic Affairs (CCEA) has approved a revision in the ethanol procurement price for Public Sector Oil Marketing Companies (OMCs) for the Ethanol Supply Year (ESY) 2024-25.
What is the significance of the Price Revision?
The recent revision of the ethanol procurement price for Public Sector Oil Marketing Companies (OMCs) is significant for several reasons:
- Price Stability and Remuneration: The increase from ₹56.58 to ₹57.97 per litre ensures price stability and provides a more remunerative rate for ethanol suppliers, which is crucial for maintaining a steady supply of ethanol.
- Support for Sugarcane Farmers: The separate payment of Goods and Services Tax (GST) and transportation charges will benefit sugarcane farmers, enhancing their income and encouraging production.
- Meeting Blending Targets: The 3% increase in the price is aimed at ensuring adequate availability of ethanol to meet the ambitious blending target of 20% by 2025-26, advancing from the original target of 2030.
- Reducing Crude Oil Dependency: This initiative is part of a broader strategy to reduce India’s dependency on crude oil imports, leading to substantial foreign exchange savings and environmental benefits.
What is Ethanol Blended Petrol (EBP)?
The Ethanol Blended Petrol (EBP) Programme is a government initiative aimed at promoting the blending of ethanol with petrol to create a more sustainable and environmentally friendly fuel option.
- OMCs are currently blending up to 20% ethanol with petrol, which helps reduce reliance on imported crude oil and lowers carbon emissions.
- Ethanol blending has dramatically increased from 38 crore litres in the Ethanol Supply Year (ESY) 2013-14 to 707 crore litres in ESY 2023-24, achieving an average blending rate of 14.60%.
- The programme has resulted in estimated savings of over ₹1,13,007 crore in foreign exchange and has substituted approximately 193 lakh metric tonnes of crude oil over the past decade.
What are other initiatives taken to promote biofuels?
- National Policy on Biofuels (2018): This policy aims to reduce dependency on fossil fuels and promote sustainable development by encouraging the production and use of biofuels from various feedstocks such as sugarcane, broken rice, and maise.
- Pradhan Mantri JI-VAN Yojana: This initiative focuses on accelerating the development of second-generation (2G) ethanol capacity in India, providing viability gap funding to support the establishment of 2G ethanol projects.
- Global Biofuels Alliance (GBA): Launched in September 2023, this alliance aims to accelerate the global adoption of cleaner fuels and support decarbonization goals. It involves collaboration with multiple countries to enhance biofuel deployment.
- Repurpose Used Cooking Oil (RUCO) Initiative: Launched by the Food Safety and Standards Authority of India (FSSAI) in 2018, this initiative aims to convert used cooking oil into biofuel, thereby preventing its reuse in food preparation and promoting sustainability.
- Biodiesel Production Targets: India has set a biodiesel blending target of 5% by 2030. The government is mobilizing production through policies that support feedstock availability, including used cooking oil and non-edible industrial oils.
- Sustainable Aviation Fuel (SAF) Initiatives: The National Biofuel Coordination Committee has established targets for blending SAF in domestic flights, aiming for 1% by 2025 and 5% by 2030.
- Ethanol Blending Advancements: The target for ethanol blending has been advanced from 2030 to 2025, with plans to achieve 20% blending. This includes signing long-term off-take agreements with dedicated ethanol plants to ensure a steady supply.
|
Way forward:
- Strengthen Feedstock Supply Chain: Enhance agricultural productivity and diversify feedstock sources including maize and non-food biomass, to ensure a stable and sustainable ethanol supply.
- Expand Infrastructure and Investments: Develop ethanol storage, blending, and distribution networks while encouraging private sector participation through financial incentives and policy support.
Prelims PYQ:
[2013] With reference to the usefulness of the by-products of the sugar industry, which of the following statements is/are correct?
- Bagasse can be used as biomass fuel for the generation of energy.
- Molasses can be used as one of the feedstocks for the production of synthetic chemical fertilizers.
- Molasses can be used for the production of ethanol.
Select the correct answer using the codes given below.
(a) 1 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Mutual Credit Guarantee Scheme (MCGS)
Mains level: Challenges in MSMEs;
Why in the News?
The government approved a Mutual Credit Guarantee Scheme (MCGS) for micro, small, and medium enterprises (MSMEs).
What is MCGS-MSME?
- The Mutual Credit Guarantee Scheme for MSMEs (MCGS-MSME) is a government initiative aimed at enhancing financial accessibility for micro, small, and medium enterprises in India.
What are the Provisions and Salient Features of MCGS-MSME?
- Eligibility and Loan Coverage: The MCGS-MSME is available to MSMEs with a valid Udyam Registration Number, providing loan guarantees of up to Rs 100 crore for purchasing equipment and machinery.
- Guarantee Coverage: The scheme offers 60% guarantee coverage by the National Credit Guarantee Trustee Company Limited (NCGTC) for loans sanctioned to Member Lending Institutions (MLIs).
- Project Cost Requirements: While the guaranteed loan amount is capped at Rs 100 crore, the total project cost can exceed this amount, provided that at least 75% of the project cost is allocated for equipment or machinery.
- Repayment Terms: Loans up to Rs 50 crore have a repayment period of up to 8 years, including a moratorium of up to 2 years on principal repayments. For loans above Rs 50 crore, longer repayment schedules may be considered.
- Scheme Duration and Fees: The MCGS-MSME will be in effect for four years from the issuance of operational guidelines or until cumulative guarantees of Rs 7 lakh crore are issued. The initial guarantee fee is waived for the first year, followed by a fee of 1.5% per annum for the next three years, and then reduced to 1% per annum thereafter.
What are the other steps taken to ease access to Credit for MSMEs?
In addition to the MCGS-MSME, several other measures have been implemented to facilitate easier access to credit for MSMEs:
- Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE): This scheme provides collateral-free loans up to Rs 2 crore, offering up to 85% guarantee coverage, thereby reducing lender risk.
- Raising and Accelerating MSME Performance (RAMP) Program: This initiative involves an investment of Rs 6,000 crore over five years, aimed at enhancing MSME growth and performance.
- Trade Receivables Discounting System (TReDS): An online platform that enables MSMEs to receive faster payments from larger companies, improving cash flow and liquidity.
- Emergency Credit Line Guarantee Scheme (ECLGS): Introduced during COVID-19, this scheme provided a Rs 3 lakh crore relief package, offering a 100% government-backed guarantee for loans.
- Priority Sector Lending (PSL) Norms: These regulations require banks to allocate a portion of their loans specifically for MSMEs, ensuring that they receive necessary financial support.
What are the challenges faced by MSMEs in accessing finance?
- Access to Finance: One of the most significant challenges faced by MSMEs is obtaining timely and affordable financing. For example, The Bank of Baroda reported that over 50% of MSMEs in India could not access formal credit.
- Lack of Financial Knowledge: Many MSMEs lack awareness of available financial schemes and products, which restricts their ability to access funding. For example, Many business owners remain unaware of the Shishu, Kishor, and Tarun loan schemes.
|
Way forward:
- Enhanced Financial Literacy and Awareness Campaigns: There is a need for targeted outreach programs to educate MSMEs about available financial schemes, including loan products and government initiatives like Shishu, Kishor, and Tarun schemes, to ensure they are aware and can leverage them effectively.
- Streamlined Loan Processes and Collateral-Free Options: Simplifying the loan application process and expanding collateral-free loan schemes like CGTMSE, along with improving credit rating systems, will ensure quicker and easier access to funds, especially for smaller MSMEs.
Mains PYQ:
Q Can the strategy of regional-resource-based manufacturing help in promoting employment in India? (UPSC IAS/2019)
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Rythu Bharosa Scheme
Why in the News?
The Telangana government has started distributing funds under the Rythu Bharosa Scheme, also known as the Farmer’s Investment Support Scheme (FISS).
About the Rythu Bharosa Scheme:
- The Rythu Bharosa Scheme, also known as the Farmer’s Investment Support Scheme (FISS), was launched by the Telangana government in 2018 to provide direct financial assistance to farmers.
- It is the first direct investment support scheme in India, where cash is transferred directly to farmers before each crop season to help them with agricultural expenses.
- Objective: To reduce financial burden, improve agricultural productivity, and prevent farmers from falling into debt traps due to high input costs.
- Provisions:
- Under the scheme, every farmer receives ₹5,000 per acre per crop season, ensuring ₹10,000 per acre annually for two crop seasons.
- The financial assistance is provided before the sowing season, allowing farmers to plan their investments efficiently.
- There is no limit on the size of landholdings, meaning both small and large farmers can benefit.
- Criteria:
- The scheme is available only to resident farmers of Telangana who own agricultural land in the state.
- Scheduled Tribe (ST) farmers cultivating land with Record of Forest Rights (ROFR) documents are eligible for assistance.
- Tenant farmers, commercial farmers, and those farming under contractual agreements are not eligible to receive benefits under this scheme.
- The funds are disbursed through bank bearer cheques under the supervision of Agriculture Extension Officers to ensure transparent distribution.
PYQ:
[2020] Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?
- Working capital for maintenance of farm assets
- Purchase of combine harvesters, tractors and mini trucks
- Consumption requirements of farm households
- Post-harvest expenses
- Construction of family house and setting up of village cold storage facility
Select the correct answer using the code given below:
(a) 1, 2 and 5 only
(b) 1, 3 and 4 only
(c) 2, 3, 4 and 5 only
(d) 1, 2, 3, 4 and 5 |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Unified Pension Scheme
Why in the News?
The Finance Ministry has announced the operationalization of the Unified Pension Scheme (UPS) for Central Government employees under the National Pension System (NPS), effective from April 1, 2025.
Salient features of the Unified Pension Scheme (UPS)
- Effective from April 1, 2025.
- Eligibility: Applicable to Central Government employees with at least 10 years of service.
- Assured Pension:
- 50% of average basic pay over the last 12 months before retirement for employees with 25+ years of service.
- Proportionate benefits for employees with 10–25 years of service.
- Assured Minimum Pension: ₹10,000 per month for eligible employees.
- Assured Family Pension: 60% of the pension drawn by the employee prior to their death.
- Inflation Protection:
- Pensions indexed to inflation.
- Dearness Relief (DR) linked to the All India Consumer Price Index for Industrial Workers (AICPI-IW).
- Government Contribution: Increased to 18.5% of basic pay and DA (up from 14% under NPS).
- Employee Contribution: 10% of basic pay and DA (same as NPS).
- Lump Sum Payment:
- One-tenth of last drawn pay (including DA) for every six months of completed service, in addition to gratuity.
- Choice of Scheme: Employees can choose between UPS and NPS starting from the upcoming financial year, with the choice being final once made.
- Beneficiaries: Initially benefits 23 lakh Central Government employees, with potential extension to 90 lakh employees if adopted by state governments.
Differences between UPS, NPS and OPS (Old Pension Scheme)
|
Unified Pension Scheme (UPS) |
National Pension Scheme (NPS) |
Old Pension Scheme (OPS) |
| Pension Amount |
50% of average basic pay over last 12 months; proportional for service <25 years. |
Market-linked, dependent on contributions and market performance. |
50% of last drawn salary, increases with DA hikes. |
| Family Pension |
60% of employee’s pension after their death. |
Based on accumulated corpus and annuity plans. |
Continued benefits to family after retiree’s death. |
| Employee Contribution |
10% of basic salary. |
10% of basic salary. |
None; entirely government-funded. |
| Government Contribution |
18.5% of basic salary. |
14% of basic salary. |
Entire cost borne by the government. |
| Inflation Indexation |
Linked to AICPI-IW. |
Not applicable (market-linked returns). |
Indexed; pension increases with DA hikes. |
PYQ:
[2017] Who among the following can join the National Pension System (NPS)?
(a) Resident Indian citizens only
(b) Persons of age from 21 to 55 only
(c) All State Government employees joining the services after the date of notification by the respective State Governments
(d) All Central Government employees including those of Armed Forces joining the services on or after 1st April, 2004 |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Sukanya Samriddhi Yojana
Why in the News?
Sukanya Samriddhi Yojana (SSY) has completed 10 years on January 22, 2025. As of November 2024, over 4.1 crore SSY accounts have been opened, highlighting the scheme’s success and its role in fostering inclusivity and progress.
About Sukanya Samriddhi Yojana (SSY):
- Launched on January 22, 2015, under Beti Bachao, Beti Padhao Campaign.
- It is a small deposit scheme by the Ministry of Finance for a girl child
- Over 4.1 crore accounts opened as of November 2024.
- Aims and Objectives:
- To meet the education and marriage expenses of a girl child.
- Promote financial independence and secure futures for girl children.
Criteria and Provisions:
- Eligibility: For girl children under 10 years; max 2 accounts per family (exceptions for twins/triplets).
- Deposits: Minimum: ₹250; Maximum: ₹1.5 lakh annually; deposits for 15 years.
- Withdrawals:
- Partial: Up to 50% after age 18 or completion of 10th standard for education.
- Full: Allowed for marriage (minimum age 18).
- Interest Calculation: Monthly on the lowest balance; credited annually.
- Premature Closure: Allowed for medical emergencies or death of guardian.
- Interest: ate of interest 9.2% Per Annum (wef 1-4-2015), calculated on yearly basis, yearly compounded.
- Tax Benefits: Quarterly rates compounded annually; investments and returns are tax-free under Section 80C.
Structural Mandate and Implementation
- Managed by guardian till age 18; account matures in 21 years.
- Can be opened/transferred at post offices or banks.
- Early closure for marriage requires proof of age and marriage documents.
PYQ:
[2014] What is/are the facility/facilities the beneficiaries can get from the services of Business Correspondent (Bank Saathi) in branchless areas?
- It enables the beneficiaries to draw their subsidies and social security benefits in their villages.
- It enables the beneficiaries in the rural areas to make deposits and withdrawals.
Select the correct answer using the code given below:
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2 |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Diamond Imprest Authorization (DIA) Scheme
Why in the News?
The Department of Commerce under the Ministry of Commerce and Industry has launched the Diamond Imprest Authorization (DIA) Scheme to bolster the global competitiveness of India’s diamond sector.
About the Diamond Imprest Authorization (DIA) Scheme
- The DIA Scheme permits duty-free import of natural cut and polished diamonds for export purposes.
- It mandates an export obligation with a value addition of 10%.
- Objective: To retain India’s leadership in the global diamond industry value chain by facilitating ease of doing business.
- It will be implemented starting April 1, 2025.
- Features of the Scheme:
- Duty-Free Import: Allows duty-free import of natural cut and polished diamonds of less than ¼ Carat (25 Cents).
- Export Obligation: Requires a minimum 10% value addition to ensure beneficiation.
- Eligibility: Open to Two Star Export Houses and above; Exporters with annual exports of at least USD 15 million are eligible.
- Support for MSMEs: Provides a level playing field for smaller exporters, enabling them to compete with larger players.
- Global Beneficiation Practices: Inspired by beneficiation policies in diamond-mining countries like Botswana, Namibia, and Angola, where manufacturers must establish cutting and polishing facilities.
India’s Diamond Industry: Current Status
- India processes over 90% of the world’s diamonds and provides jobs to approximately 5 million people.
- India contributes 19% of total global diamond exports.
Challenges:
- Exports Decline:
- 2022: Exports valued at $23 billion.
- 2023: Declined to $16 billion, with further declines anticipated.
- Rough Diamond Imports: Fell by 24.5%, from $18.5 billion (FY 2021-22) to $14 billion (FY 2023-24).
- Exports of Cut and Polished Diamonds: Dropped by 34.6%, from $24.4 billion (FY 2022) to $13.1 billion (FY 2024).
- Inventory Challenges: The gap between net imports of rough diamonds and net exports of cut and polished diamonds widened from $1.6 billion (FY 2022) to $4.4 billion (FY 2024).
- Returns of Unsold Diamonds: The percentage of unsold diamonds returned to India rose from 35% to 45.6% between FY 2022 and FY 2024.
|
PYQ:
[2018] Which one of the following foreign travellers elaborately discussed about diamonds and diamond mines of India?
(a) Francois Bernier
(b) Jean-Baptiste Tavernier
(c) Jean de Thevenot
(d) Abbe Barthelemy Carre |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: IGICB Scheme, NIXI
Why in the News?
The National Internet Exchange of India (NIXI) has introduced the Internet Governance Internship and Capacity Building Scheme, aiming to enhance awareness and develop expertise in Internet Governance (IG) among Indian citizens.
About Internet Governance Internship and Capacity Building (IGICB) Scheme:
|
Details |
| About the Scheme |
- Launched by National Internet Exchange of India (NIXI) under MeitY.
- Aims to build expertise in Internet Governance (IG) and enable global participation.
Aims and Objectives:
- Develop Expertise: Build Indian talent in Internet Governance.
- Enhance Global Participation: Collaborate with organisations like ICANN, ISOC, and IETF.
- Promote Digital Inclusivity: Ensure India’s representation in global forums.
- Foster Leadership: Shape future tech policy leaders.
|
| Structural Mandate |
- Tracks: Six-month and three-month internship programs.
- Mentorship: Guided by experts from ICANN, APNIC, and academic advisors.
- Support Mechanism: Stipend of ₹20,000/month and support for outreach programs.
- Online Portal: Applications via NIXI Scheme Portal, with biometric verification.
|
| Features of the Scheme |
- Global Exposure: Collaboration with leading organisations like ICANN, ISOC, and IEEE.
- Capacity Building: Focus on cybersecurity, Internet Governance, and digital policy.
- Mentorship: Hands-on guidance by seasoned professionals.
- Youth Engagement: Attracts young talent passionate about Internet Governance.
- Policy Impact: Strengthens India’s voice in global Internet Governance forums.
|
What is National Internet Exchange of India (NIXI)?
- Establishment: Founded on June 19, 2003, under the Ministry of Electronics and Information Technology (MeitY).
- Purpose: A not-for-profit organisation facilitating increased internet penetration and adoption across India.
- Key Services:
- Internet Exchange Points (IXPs): Builds infrastructure for internet exchange points.
- .IN Registry: Promotes .in domain digital identity.
- IRINN: Facilitates adoption of IPv4 and IPv6 addresses.
|
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Startup India Initiative
Why in the News?
On January 16 (National Startup Day), 2025, India marks 9 successful years of Startup India, a flagship initiative that has revolutionized the entrepreneurial ecosystem in the country.
About the Startup India Initiative
- Startup India is a flagship initiative launched by the Government of India on January 16, 2016, to create a robust ecosystem for nurturing startups and innovation.
- It aims to drive economic growth and generate large-scale employment opportunities, with a focus on empowering entrepreneurs through innovation and regulatory support.
- The PM first announced the initiative on August 15, 2015, during his Independence Day address at Red Fort, New Delhi.
- The program aims to establish 75+ startup hubs across India and encourages entrepreneurship in Tier-2 and Tier-3 cities.
- A related scheme, Stand-Up India, was launched on April 5, 2016, to facilitate loans between ₹10 lakh to ₹1 crore for SCs, STs and women entrepreneurs to establish Greenfield enterprises.
- The program emphasizes the 3 Cs—Capital, Courage, and Connections, which Prime Minister Modi identifies as essential for entrepreneurial success.
- It seeks to eliminate restrictive policies, including those related to License Raj, foreign investment proposals, and land permissions, ensuring ease of doing business.
Definition of a Startup (as per DPIIT)
- A startup must be registered as a private limited company, partnership firm, or limited liability partnership (LLP) in India.
- The entity must not have completed 10 years since its incorporation.
- Annual turnover should not exceed ₹100 crore in any financial year since incorporation.
- The startup should focus on innovative products or services and demonstrate scalability, potential for wealth creation, or employment generation.
- Entities formed through splitting or restructuring of existing businesses are not classified as startups.
- Startup related terminologies analogously used in India:
- Unicorn: A startup valued at over $1 billion.
- Decacorn: A startup valued at over $10 billion.
- Hectocorn: A startup valued at over $100 billion.
- Soonicorn: A rapidly growing startup expected to become a unicorn soon.
- Mincorn: A startup valued at less than $1 billion.
|
Key Achievements of Startup India
- India is the third-largest startup hub globally, following the United States and China.
- DPIIT-recognized startups grew from 500 in 2016 to 1,59,157 by January 2025.
- Women-led startups accounted for 73,151 entities as of October 2024, with 48% of startups having at least one woman director by December 2023.
- Startups have generated 16.6 lakh direct jobs from 2016 to October 2024.
- Over 50% of startups originated from Tier-2 and Tier-3 cities, including emerging hubs like Indore, Jaipur, and Ahmedabad.
Key Government Initiatives for Startups:
- Startup India Seed Fund Scheme (SISFS), 2021: Provides financial assistance to early-stage startups for proof of concept, prototype development, product trials, market entry, and commercialization.
- Total allocated amount: ₹945 crore for startups over a four-year period.
- Credit Guarantee Scheme for Startups (CGSS), 2022: Offers collateral-free loans to startups through Scheduled Commercial Banks, NBFCs, and SEBI-registered AIFs.
- Covers loans up to ₹10 crore for eligible startups.
- Fund of Funds for Startups (FFS), 2016: Established with a ₹10,000 crore corpus to provide funding support to startups through SEBI-registered Venture Capital Funds.
- By 2024, ₹7,980 crore was committed to 99 Alternative Investment Funds (AIFs), benefiting over 800 startups.
- BHASKAR (Bharat Startup Knowledge Access Registry), 2024: A centralized platform aimed at streamlining interactions within India’s entrepreneurial ecosystem.
- Fosters innovation, collaboration, and startup growth through knowledge-sharing and networking.
- Startup Village Entrepreneurship Program (SVEP): A sub-component of the National Rural Livelihood Mission (NRLM), implemented by the Ministry of Rural Development.
- Supported 3,02,825 enterprises as of 2024, creating 6,26,848 jobs.
- TIDE 2.0 (Technology Incubation and Development of Entrepreneurs): Focuses on supporting startups in emerging technologies like AI, IoT, and Blockchain.
- Established 51 incubators and supported 1,235 startups.
- GENESIS (Gen-Next Support for Innovative Startups), 2024: Aims to boost startups in Tier-II and Tier-III cities.
- Total outlay: ₹490 crore over five years, targeting over 1,500 startups.
- Atal Innovation Mission (AIM): Operates under NITI Aayog to foster innovation and entrepreneurship through the establishment of Atal Incubation Centers (AICs).
- Provides physical infrastructure and mentorship for startups to scale effectively.
- Startup Mahakumbh: A flagship event organized to bring together startups, unicorns, investors, and industry leaders.
- First edition in 2019 saw over 500 participants; the fifth edition is scheduled for March 7-8, 2025, in New Delhi.
PYQ:
[2014] What does venture capital mean?
(a) A short-term capital provided to industries
(b) A long-term start-up capital provided to new entrepreneurs
(c) Funds provided to industries at times of incurring losses
(d) Funds provided for replacement and renovation of industries |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: PLI Scheme 1.1
Why in the News?
Union Minister for Steel and Heavy Industries has inaugurated the second round of the Production Linked Incentive (PLI) Scheme for Specialty Steel, termed PLI Scheme 1.1.
About the PLI Scheme 1.1
- It is built upon the earlier round of the PLI scheme to enhance domestic manufacturing of high-value steel, reduce imports, and boost India’s global steel market position.
- 5 specialty steel categories are considered:
- Coated/Plated Steel Products for appliances, construction, and automotive sectors.
- High Strength/Wear-Resistant Steel for infrastructure, mining, and heavy machinery.
- Specialty Rails for railways and metros.
- Alloy Steel Products and Steel Wires for industrial uses.
- Electrical Steel (CRGO and others): Cold-Rolled Grain-Oriented Steel, essential for power transformers and electrical applications.
- It covers production from FY 2025-26 to FY 2029-30 and operates within the original budget of ₹6,322 crore.
- Changes introduced in PLI Scheme 1.1:
-
- Investment and capacity thresholds reduced:
- For CRGO Steel: Investment threshold lowered to ₹3,000 crore; capacity threshold to 50,000 tonnes.
- Encourages CRGO production as a strategic priority under Atmanirbharta.
- Carry-forward provision: Excess production in one year can offset shortfalls in another, ensuring optimal incentive distribution.
- Companies investing in capacity augmentation can participate; thresholds reduced to 50% of original requirements.
- Simplified guidelines: Revised to improve accessibility and encourage industry participation.
Bakc2Basics: PLI Schemes 1.0 and 2.0
PLI Scheme 1.0
- Launched in March 2020, it aimed to boost domestic manufacturing, reduce imports, and create jobs in key sectors.
- Initially focused on three industries (mobile manufacturing, electrical components, and medical devices) but later expanded to 14 sectors, including electronics, pharmaceuticals, and textiles.
- Provided 1%–4% incentives on incremental sales over the base year, with a ₹7,350 crore outlay for IT hardware.
- Had an estimated investment target of ₹2,500 crore (IT hardware) but did not specify details on job creation.
- Served as a cornerstone for Atmanirbhar Bharat, promoting self-reliance and innovation in India’s manufacturing ecosystem.
PLI Scheme 2.0
- Launched in May 2023, it specifically focuses on IT hardware (laptops, tablets, servers, PCs) to enhance global competitiveness.
- Comes with a higher budget of ₹17,000 crore (for IT hardware) over a 6-year duration.
- Incentivizes local manufacturing with ~5% incentives on incremental sales, alongside additional benefits for components like memory modules and SSDs.
- Targets ₹2,430 crore in investment, ₹3.35 lakh crore in production, and $12–17 billion in exports by 2025–26.
- Seeks to create 75,000 direct jobs and up to 2 lakh indirect jobs, offering different incentive caps for global, hybrid, and domestic companies.
|
PYQ:
[2023] Consider, the following statements:
Statement-I: India accounts for 3.2% of global export of goods.
Statement-II: Many local companies and some foreign companies operating in India have taken advantage of India’s ‘Production-linked Incentive’ scheme.
Which one of the following is correct in respect of the above statements?
(a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
(b) Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
(c) Statement-I is correct but Statement-II is incorrect
(d) Statement-I is incorrect but Statement-II is correct |
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|
PLI 1.0
|
PLI 2.0
|
| Launch Year |
March 2020 |
May 2023 |
| Objective |
Promote domestic manufacturing, reduce imports, create jobs |
Enhance IT hardware manufacturing, increase global competitiveness |
| Budget |
₹7,350 crore (for IT hardware) |
₹17,000 crore (for IT hardware) |
| Duration |
4 years |
6 years |
| Incentive Structure |
1% – 4% of incremental sales over the base year |
~5% of incremental sales over six years |
| Sectors Covered |
- Initially focused on 3 sectors: Mobile manufacturing, electrical components, and medical devices.
- Later expanded to 14 sectors, including: Specified electronic components, critical key starting materials (pharma), auto components, pharma drugs, specialty steel, telecom and networking, electronics/technology products, white goods (ACs, LEDs), food products, textiles (MMF/technical textiles), high-efficiency solar PV modules, advanced chemistry cell (ACC) batteries, drones
|
Primarily IT hardware (laptops, tablets, servers, PCs) |
| Component Incentives |
No additional incentives for specific components |
Additional incentives for local component manufacturing (e.g., memory modules, SSDs) |
| Expected Investment |
₹2,500 crore (estimated) |
₹2,430 crore (estimated) |
| Employment Generation |
Not specified in detail |
75,000 direct jobs, up to 2 lakh indirect jobs |
| Production and Export Targets |
Not explicitly stated |
₹3.35 lakh crore production; $12-17 billion exports by 2025-26 |
| Eligibility and Caps |
Domestic companies with minimum investment of ₹20 crore |
Global, hybrid, and domestic companies with caps (₹4,500 crore for global, ₹2,250 crore for hybrid, ₹500 crore for domestic) |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: UJALA scheme
Why in the News?
The UJALA (Unnat Jyoti by Affordable LEDs for All) scheme, launched on January 5, 2015 has completed a decade of remarkable success.
About UJALA Scheme:
| Launch Details |
- Launched on 5th January 2015 by PM Narendra Modi.
- Originally called the Domestic Efficient Lighting Programme (DELP).
- Aims to promote energy-efficient LED appliances in households.
- Recognized as the world’s largest zero-subsidy domestic lighting initiative.
|
| Structural Mandate and Implementation |
- Implemented by Energy Efficiency Services Limited (EESL) under the Ministry of Power.
- Competitive bidding ensures reduced prices for LED appliances.
- LED appliances distributed via DISCOMs and designated centers.
- Real-time e-procurement and transparency audits ensure accountability.
|
| Significant Features |
- Affordability: LED prices significantly lower than market rates (e.g., ₹70 per bulb, ₹220 per tube light).
- Energy Efficiency: LEDs consume 90% less energy than incandescent lamps (ICLs) and 50% less than CFLs.
- Cost Savings: Reduced electricity bills and lower annual ownership costs.
- Market Transformation: Sale of over 407 crore LED bulbs in India.
- Environmental Impact: Reduction in carbon emissions, aligning with India’s climate goals.
|
PYQ:
[2021] With reference to street lighting, how do sodium lamps differ from LED lamps?
- Sodium lamps produce light in 360 degrees but it is not so in the case of LED lamps.
- As street lights, sodium lamps have a longer lifespan than LED lamps.
- The spectrum of visible light from sodium lamps is almost monochromatic while LED lamps offer significant colour advantages in street lighting.
Select the correct answer using the code given below.
(a) 3 only
(b) 2 only
(c) 1 and 3 only
(d) 1, 2 and 3 |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Coastal Security Scheme
Why in the News?
Non-operational patrolling boats, insufficient funds for training, and manpower shortages are among the challenges highlighted by 13 coastal states and Union Territories during a review of the Coastal Security Scheme (CSS) phases I and II.
What is the Coastal Security Scheme?
- CSS was launched to strengthen security across India’s 7,516.6 km coastline, including 1,382 offshore islands, in order to prevent unauthorized entry, smuggling, and infiltration.
- It is overseen by the Department of Border Management, Ministry of Home Affairs (MHA), in collaboration with coastal States/UTs and the Indian Coast Guard (ICG).
- Core Objective: Bolster coastal security by enhancing infrastructure, resources, and coordination among central and state agencies, ensuring effective maritime surveillance and prompt emergency response.
Implementation Phases
- Phase I (2005–2011)
- Budget: ₹646 crore
- Established 73 coastal police stations, 97 check-posts, 58 outposts, 30 barracks, 204 interceptor boats, 153 jeeps, and 312 motorcycles.
- Phase II (2011–2020)
- Budget: ₹1,579.91 crore
- Added 131 coastal police stations, 60 jetties, 10 marine operational centers, 225 boats, 131 four-wheelers, and 242 motorcycles.
|
Key Features
- Infrastructure Development: Construction of coastal police stations, jetties, outposts, barracks, and marine operation centers.
- Marine Patrolling: Deployment of interceptor boats for rapid response and improved surveillance.
- Manpower & Training: Specialized marine police personnel trained at the National Academy of Coastal Policing (Gujarat).
- Technological Integration: Collaboration with the Coastal Surveillance Network (CSN) for real-time monitoring and swift threat detection.
Current Status
- Phase III Plans:
- Upgraded Boats & Equipment: Introducing larger, more stable vessels and better maintenance.
- More Manpower: Focused recruitment and specialized training for marine police.
- Infrastructure Expansion: Building new jetties and operational centers, backed by adequate funding.
- Insurance Coverage: Proposals to protect marine police personnel operating in high-risk conditions.
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Matsya Seva Kendras
Why in the News?
India’s fisheries sector, contributing to the livelihoods of over 3 crore fishers and producing a record 175 lakh tons of fish in 2022-23, is being strengthened through initiatives like Matsya Seva Kendras.
About Matsya Seva Kendra (MSK)
- MSKs are one-stop centers established under the Pradhan Mantri Matsya Sampada Yojana (PMMSY) to support fishers and fish farmers.
- They provide a wide range of technical, advisory, and capacity-building services aimed at modernizing the fisheries sector and ensuring sustainable practices.
- Role of MSKs:
- Offer water, soil, and microbial analysis to address disease management and improve aquaculture productivity.
- Conduct capacity-building programs for fishers, focusing on sustainable practices and advanced aquaculture techniques.
- Empower women and weaker sections with 60% financial assistance for setting up MSKs.
- Mobilize start-ups, cooperatives, and fish farmer producer organizations to share best practices.
- Promote regenerative and conservation practices to tackle challenges posed by climate change.
About Pradhan Mantri Matsya Samapada Yojana (PMMSY):
- The scheme aims to bring about a Blue Revolution through sustainable and responsible development of India’s fisheries sector.
- It was launched as part of the ‘Atma Nirbhar Bharat’ package with an investment of ₹20,050 crore, the highest-ever allocation for the fisheries sector.
- It is implemented across all States and Union Territories from FY 2020-21 to FY 2024-25.
- It provides insurance coverage, financial assistance, and Kisan Credit Card (KCC) facilities to fishers.
- It is implemented as an umbrella scheme with two components:
- Central Sector Scheme: Entirely funded by the Central Government.
- Centrally Sponsored Scheme: Cost shared between the Centre and States/UTs.
|
How Do Sagar Mitras Support Fishers?
- Sagar Mitras act as a vital link between the government and sea-borne fishers, facilitating access to information and resources in coastal regions.
-
- Collect data on marine catch, price trends, and market requirements.
- Provide updates on local regulations, weather conditions, and potential fishing zones.
- Educate fishers on hygienic fish handling, sustainable fishing techniques, and compliance with regulatory measures.
- Act as a key contact during emergencies, offering information on natural calamities and safety protocols.
PYQ:
[2018] Defining the Blue Revolution, explain the problems and strategies of fisheries in India. |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: SVAMITVA Scheme
Why in the News?
Over 58 lakh property cards will be issued to owners in approximately 50,000 villages across 12 States/UTs through a virtual event addressed by PM Modi under the SVAMITVA Scheme.
About SVAMITVA Scheme:
|
Details |
| About |
- Full Form: Survey of Villages and Mapping with Improvised Technology in Village Areas.
- Launched on 24th April 2020 (National Panchayati Raj Day) by the Ministry of Panchayati Raj.
- Objective: Provide an integrated property validation solution for rural India, issuing Record of Rights to households in inhabited rural areas (village abadi areas).
- Central Sector Scheme: Fully funded by the Central Government, implemented in collaboration with States/UTs and the Survey of India.
Primary Goals:
1. Demarcation of inhabited areas using drone technology.
2. Creation of property cards (Record of Rights).
3. Formalizing ownership to reduce disputes and enable financial asset use. |
| Structural Mandate |
Implementing Agencies:
- Ministry of Panchayati Raj at the national level.
- State Revenue Department/Land Records Department at the state level.
- Survey of India (as the technology partner).
Coverage:
- The scheme is being implemented in phases from 2020-2024.
- Initially covered 6.62 lakh villages in Uttar Pradesh, Haryana, Maharashtra, Madhya Pradesh, Uttarakhand, and Karnataka, including a few border villages of Punjab and Rajasthan.
- West Bengal, Bihar, Nagaland, and Meghalaya have not joined the scheme yet.
- Nomenclature: Title Deed in Haryana, Rural Property Ownership Records (RPOR) in Karnataka, Adhikar Abhilekh in Madhya Pradesh, Sannad in Maharashtra, Svamitva Abhilekh in Uttarakhand, and Gharauni in Uttar Pradesh.
|
| Key Features and Significance |
- Use of Drone Survey Technology: Drones capture high-resolution images for accurate mapping of village abadi lands.
- Issuance of Property Cards: Known by various names (e.g., ‘Gharauni’ in UP). Serves as legal proof of ownership.
- Phased Implementation (2020–2024): Began in select states (UP, Haryana, Maharashtra, MP, Uttarakhand, Karnataka, plus border villages in Punjab/Rajasthan), expanding nationwide.
- Continuous Operating Reference System (CORS): Network stations for precise drone-based surveys in pilot-phase states.
- Stakeholder Collaboration: Ministry of Panchayati Raj, State Revenue/Land Records Depts, Survey of India, etc.
|
| Progress Made So Far |
- Drone Surveys & Mapping: 92% of targeted drone mapping completed across 3.17 lakh villages; full targets likely by 2026.
- Issuance of Property Cards: Over 2.19 crore property cards finalized; latest distribution covered 58 lakh cards in 50,000 villages across 12 States/UTs.
- Phased Rollout: Successful pilots led to larger-scale implementation.
- Collaborative Efforts: Coordination among Panchayati Raj Ministry, Survey of India, and state-level agencies; financial support from the Centre.
- Recognition of Success: Regarded as a landmark initiative for minimizing litigation, enhancing rural governance, and clarifying property rights.
|
PYQ:
[2019] With reference to land reforms in independent India, which one of the following statements is correct?
(a) The ceiling laws were aimed at family holdings and not individual holdings.
(b) The major aim of land reforms was providing agricultural land to all the landless.
(c) It resulted in cultivation of cash crops as a predominant form of cultivation.
(d) Land reforms permitted no exemptions to the ceiling limits. |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Pradhan Mantri Annadata Aay Sanrakshan Abhiyan
Why in the News?
Since its launch, PM-AASHA has significantly benefitted farmers, contributing to the procurement of 195.39 lakh metric tonnes (LMT) of agricultural commodities, valued at ₹1,07,433.73 crore, from over 99 lakh farmers.
Procurement Details:
- In the Rabi 2023-24 season, 6.41 LMT of pulses, valued at ₹4,820 crore, were procured from 2.75 lakh farmers. This included:
- 2.49 LMT of Masoor
- 43,000 metric tonnes of Chana
- LMT of Moong
- In addition, 12.19 LMT of oilseeds, valued at ₹6,900 crore, were procured from 5.29 lakh farmers.
- In the ongoing Kharif season, the government has procured 5.62 LMT of Soyabean, valued at ₹2,700 crore, benefiting 2.42 lakh farmers.
|
About the PM-AASHA Scheme
| Details |
Launched in 2018, PM-AASHA is an umbrella scheme encompassing various components to ensure farmers receive fair prices for their produce. |
| Aims and Objectives |
- Ensuring fair prices for farmers by providing price support when market prices fall below the Minimum Support Price (MSP).
- Stabilize the prices of essential commodities, benefiting both farmers and consumers.
- Addressing price fluctuations and ensuring sustainable agricultural practices for crops like pulses, oilseeds, and copra.
|
| Structural Mandate and Implementation |
- Type: Central Sector Scheme (Fully funded by the Centre).
- Nodal Ministry: Ministry of Agriculture & Farmers Welfare.
- Fund Allocation: Rs. 35,000 crore during the 15th Finance Commission Cycle (up to 2025-26).
- Central Nodal Agencies (CNA):
- Guarantees to lender banks for extending cash credit facilities to agencies like NAFED (National Agricultural Co-operative Marketing Federation of India Limited) and NCCF (National Co-operative Consumer’s Federation of India Limited) for MSP procurement.
- Department of Consumer Affairs (DoCA) will procure pulses at market price from pre-registered farmers on eSamridhi Portal of NAFED and eSamyukti Portal of NCCF when prices exceed MSP.
Key Components:
- Price Support Scheme (PSS):
- The PSS is the core component of PM-AASHA, operating through state governments to procure notified commodities at the Minimum Support Price (MSP) levels.
- It provides financial relief to farmers when market prices fall below MSP, offering remunerative prices and promoting investment in agriculture.
- The government fixes the MSP for 24 crops at 1.5 times the Cost of Production (CoP) to ensure a fair income for farmers.
- Price Deficiency Payment Scheme (PDPS):
- Under PDPS, farmers are provided direct payments if the market prices of oilseeds fall below the MSP.
- It helps bridge the gap between MSP and market prices, ensuring that farmers still get a fair return.
- Market Intervention Scheme (MIS):
- The MIS provides financial assistance to states for price stabilization of perishable agricultural commodities like Tomato, Onion, and Potato, which are not covered under MSP.
- This scheme helps manage price volatility and benefits both farmers and consumers by stabilizing prices.
|
PYQ:
[2020] In India, the term “Public Key Infrastructure” is used in the context of:
(a) Digital security infrastructure
(b) Food security infrastructure
(c) Health care and education infrastructure
(d) Telecommunication and transportation infrastructure |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Telecom Technology Development Fund (TTDF) Program
Why in the News?
The Telecom Technology Development Fund (TTDF) has facilitated a collaboration between the Centre for Development of Telematics (C-DOT) and Trois Infotech on the development of “Face Recognition Using Drone” technology.
About Telecom Technology Development Fund (TTDF):
| Details |
- Launched on October 1, 2022 under the Universal Service Obligation Fund (USOF), Ministry of Telecommunications.
- Supports indigenous telecom technologies, especially for rural communication needs.
About USOF (Universal Service Obligation Fund)
- USOF was established in April 2002 under the Indian Telegraph (Amendment) Act 2003.
- Objective: To provide financial support for telecom services in rural and remote areas that are commercially unviable.
- A non-lapsable fund, with the levy amount credited for continuous use.
- Operates as an attached office of the Department of Telecom, headed by an administrator appointed by the Central Government.
- Initially focused on providing basic telecom services in rural areas at affordable prices.
- Expanded scope to include mobile services, broadband connectivity, and infrastructure development in rural and remote areas.
|
|
| Aims and Objectives |
- Encourage Innovation: Create synergies across stakeholders (startups, R&D, academia) and focus on rural-specific telecom solutions.
- Bridge the Digital Divide: Provide affordable telecom solutions for rural areas and enhance connectivity.
- Intellectual Property Creation: Support R&D projects contributing to patentable technologies.
|
| Key Features and Structural Mandate |
Funding Mechanism:
- Grants for Indian startups, research institutes, academia, and telecom companies for R&D on rural telecom solutions.
- Managed by Department of Telecommunications (DoT) with USOF as the administering body.
Features:
- Incentives for Startups: Provides financial incentives for telecom R&D projects from prototype to commercialization.
- Collaborative Framework: Promotes collaboration between stakeholders such as startups, telecom companies, universities, and R&D centers.
- PoC and Pilot Support: Encourages proof of concept testing and pilots to validate technological solutions.
|
PYQ:
[2019] In India, which of the following review the independent regulators in sectors like telecommunications, insurance, electricity, etc.?
- Ad Hoc Committees set up by the Parliament
- Parliamentary Department Related Standing Committees
- Finance Commission
- Financial Sector Legislative Reforms Commission
- NITI Aayog
Select the correct answer using the code given below:
(a) 1 and 2
(b) 1, 3 and 4
(c) 3, 4 and 5
(d) 2 and 5 |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Employees’ Pension Scheme (EPS)
Why in the News?
The Parliamentary Standing Committee on Labour has recommended increasing the minimum pension of ₹1,000 paid by the Employees’ Provident Fund Organisation (EPFO) under the Employees’ Pension Scheme (EPS).
About the Employees’ Pension Scheme (EPS):
| Details |
- Introduced in 1995 by the Employees Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment.
- Provides pension benefits to employees in the organized sector.
|
| Aims and Objectives |
- To provide pension benefits to employees in the organized sector.
- Ensures financial security for employees post-retirement or in case of disability or death.
|
| Features and Significance |
- Employee and Employer Contribution: Both contribute 12% of the salary towards the EPF.
- Employer’s Contribution: 8.33% of the employer’s contribution goes towards the pension fund.
- Union Government Contribution: 1.16% of the employee’s basic salary is contributed to the pension fund.
- Pension Fund Setup: The fund is created by allocating 8.33% of the employer’s contribution from the EPF corpus.
|
| Structural Mandate and Implementation |
Supreme Court in November 2022, the court upheld the Employees’ Pension (Amendment) Scheme, 2014, extending the deadline for opting for the new scheme by 4 months.
- Pre-Amendment Scheme: Pensionable salary was based on the average salary of the last 12 months prior to exiting the pension fund.
- Post-Amendment Scheme (2014): Pensionable salary based on average salary of the last 60 months (5 years).
|
| Eligibility Criteria |
- Applies to employees whose basic salary exceeds ₹15,000 per month.
- Employees who are members of the Employees’ Provident Fund (EPF) and meet the contribution requirements are eligible for the scheme.
|
PYQ:
[2021] With reference to casual workers employed in India, consider the following statements:
1. All casual workers are entitled for Employees Provident Fund coverage.
2. All casual workers are entitled for regular working hours and overtime payment.
3. The government can by a notification specify that an establishment or industry shall pay wages only through its bank account.
Which of the above statements are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3 |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Ayushman Arogya Mandirs, AB-NHPM
Why in the News?
- In February 2018, the Centre had launched the initiative to establish 1,50,000 Ayushman Arogya Mandirs (AAMs), formerly known as Ayushman Bharat Health and Wellness Centres (AB-HWCs), by December 2022.
- As of 31st July 2024, 1,73,881 Ayushman Arogya Mandirs have been set up and are fully operational, exceeding the original target.
About the Ayushman Arogya Mandirs (AAMs):
| Details |
- Launched to provide comprehensive health services covering preventive, promotive, curative, rehabilitative, and palliative care for all age groups.
- First AAM was launched in Bijapur, Chhattisgarh on April 18th, 2018.
- In FY 2018-19, over 17,000 AAMs were operationalized, surpassing the target of 15,000.
- Currently, there are 1.6 lakh such centres across India.
- National Health Policy of 2017 envisioned AAMs as the cornerstone of India’s health system.
- In 2023, the Union Health Ministry renamed AB-HWCs as Ayushman Arogya Mandirs with the tagline ‘Arogyam Parmam Dhanam’.
|
| Aims and Objectives |
- To provide universal, free-of-cost, and accessible primary healthcare services to both rural and urban populations.
|
| Features and Significance |
- Services provided include preventive, promotive, curative, palliative, and rehabilitative care.
- AAMs offer a comprehensive 12-package set of services.
- Sub-Health Centres (SHC) and Primary Health Centres (PHC) are being transformed to offer broader healthcare services.
|
| Structural Mandate |
Implemented via 2 Components:
- Comprehensive Primary Health Care: The mission plans to establish 1,50,000 AAMs in rural and urban areas to provide comprehensive primary healthcare services.
- Pradhan Mantri Jan Arogya Yojana (PM-JAY): The scheme provides a health insurance cover of Rs. 5 lakh per year to more than 10 crore vulnerable families for secondary and tertiary care.
|
PYQ:
[2022] With reference to Ayushman Bharat Digital Mission, consider the following statements:
- Private and public hospitals must adopt it.
- As it aims to achieve universal health coverage, every citizen of India should be part of it ultimately.
- It has seamless portability across the country.
Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 3 only
(c) 1 and 3 only
(d) 1, 2 and 3 |
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: PM-DevINE Scheme
Why in the News?
The Ministry of Development of North-East Region has provided progress update regarding various projects under the Prime Minister’s Development Initiative for North East Region (PM-DevINE) Scheme.
About the PM-DevINE Scheme:
| Details |
PM-DevINE is a Central Sector scheme introduced under the Union Budget 2022-23, aiming to drive development in the North Eastern Region (NER) through infrastructure and social projects. |
| Aims and Objectives |
- Infrastructure Development: Enhance connectivity and accessibility in NER, aligned with PM GatiShakti.
- Social Development: Address critical issues and improve residents’ quality of life.
- Livelihood Opportunities: Focus on creating opportunities for youth and women.
|
| Structural Mandate and Implementation |
- Nodal Agency: Ministry of Development of North-East Region.
- Approval: Cabinet approved on 12th October 2022.
- Central Funding: 100% central funding for projects.
- Outlay: Rs. 6600 crore for FY 2022-23 to FY 2025-26.
- Project Sanctions: 35 projects worth Rs. 4857.11 crore sanctioned as of November 2024.
|
| State-wise Project Analysis |
- Sikkim: Passenger Ropeway System (completed), Skywalk Project (13% completed).
- Mizoram: Bamboo Link Roads (28% completed).
- Nagaland: Special Development Projects (30% completed).
- Assam: School Transformations (55% completed), IT Park Construction (23% completed).
- Manipur: Infrastructure for Manipur Technical University (25% completed).
- Tripura: Solar Micro Grid (30% completed), Skill Development Centre (work started).
|
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Note4Students
From UPSC perspective, the following things are important :
Prelims level: Yuva Sahakar Scheme
Why in the News?
The Ministry of Cooperation, in written reply to a question in the Lok Sabha has informed about the progress of the Yuva Sahakar Scheme.
Current Financial Details:
- As of 30th November 2024, the following financial assistance details have been recorded:
- Sanctioned Amount: ₹4734.97 lakh to cooperatives with 18,915 beneficiary members.
- Disbursed Amount: ₹294.44 lakh.
- Sanctioned for 2024: ₹230.61 lakh, with ₹89.88 lakh disbursed.
|
About the Yuva Sahakar Scheme:
|
Details |
| Overview and Objectives |
- Launched in 2018 under the Ministry of Agriculture and Farmers Welfare.
- Implemented by NCDC (National Cooperative Development Corporation), which operates under the Ministry of Cooperation
- Goal: To promote the formation of new cooperative societies and encourage innovative ideas from young entrepreneurs.
- Targets cooperatives that have been operational for at least 3 months.
| NOTE: NCDC was established in 1963 as a statutory Corporation under Ministry of Agriculture & Farmers Welfare. |
|
| Features and Provisions |
- Loan Tenure: Up to 5 years.
- Interest Subvention: 2% subvention on the applicable interest rate for term loans related to project activities.
- Subsidy Integration: Loans can be combined with subsidies available under other Government of India schemes.
- Eligibility: All cooperatives in operation for at least 1 year are eligible for funding based on proposed projects.
|
| Significance |
- Encourages cooperatives to explore new and innovative areas.
- Dedicated fund by NCDC for youth cooperatives.
- Linked to the ₹1000 crore Cooperative Start-up and Innovation Fund (CSIF).
- Increased funding for cooperatives from North Eastern regions, Aspirational Districts, and those with women, SC/ST, or PwD members.
|
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