UPSC NOTESSSSS

2021-06-22 16:30:04 ︎GOVERNMENT SCHEME - 30

■ PARTIAL CREDIT GUARANTEE SCHEME.

The Union Cabinet has approved a partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated pooled assets from financially sound NBFCs and housing finance companies.

□ ABOUT :-

◇ The Union Government had issued the PCG Scheme in the Union Budget this year to provide a one-time partial credit guarantee to PSBs for purchase of pooled assets of financially sound NBFCs.

◇ It aims to address temporary asset liability mismatches of otherwise solvent NBFCs/HFCs without having to resort to distress sale of their assets for meeting their commitments.

◇ This pooling would allow NBFCs without them having to resort to distress sale of their assets for meeting their commitments.

□ VALIDITY

◇ The window for one-time partial credit guarantee offered by GoI will open from the date of issuance of the Scheme by the Government for a period of six months.

︎ SOURCE - PIB

︎JOIN - @Government_schemes Open / Comment

2021-06-21 17:30:04 ︎GOVERNMENT SCHEME - 29

■ NATIONAL BROADBAND SCHEME.

#Infrastructure #GS3

The union government has launched the National Broadband Mission (NBM).

□ ABOUT :-

◇ It is aimed at providing broadband access in all villages in the country by 2022, entailing investments of around ₹7 lakh crore from various stakeholders.

◇ The vision of the NBM is to fast track growth of digital communications infrastructure, bridge the digital divide, facilitate digital empowerment and inclusion and provide affordable and universal access of broadband for all.

□ OBJECTIVES :-

◇ Broadband access to all villages by 2022.

◇ Laying of incremental 30 lakhs route km of Optical Fiber Cable and increase in tower density from 0.42 to 1.0 tower per thousand of population by 2024.


︎SOURCE - THE HINDU.

︎JOIN - @Government_schemes Open / Comment

2021-06-20 16:31:01 ︎GOVERNMENT SCHEME - 28

■ EMPLOYEES PENSION SCHEME [ AMENDMENT ] SCHEME, 2020.

The Union Ministry of Labour & Employment has informed about the total enrollments under EPS.

□ ABOUT EPS :-

◇ EPS is a social security scheme that was launched in 1995 and is facilitated by EPFO.

◇ The scheme makes provisions for pensions for the employees in the organized sector after retirement at the age of 58 years.

◇ Employees who are members of EPFO automatically become eligible for EPS.

◇ Both employer and employee contribute 12% of employee’s monthly salary (basic wages plus dearness allowance) to the Employees’ Provident Fund (EPF) scheme.

□ FEATURES OF NEW AMENDMENT

◇ EPS pensioners will get normal pension even after getting a reduced pension due to commutation.

◇ On retirement, if the employee opts for commutation of pension, a portion is paid as a lump sum based on the commutation factor while on the balance the pension begins.

︎ SOURCE - PIB

︎JOIN - @Government_schemes Open / Comment

2021-06-19 17:30:07 ︎GOVERNMENT SCHEME - 27

■ PRADHAN MANTRI MATSYA SAMPADA YOJANA.


□ ABOUT

◇ Aims to bring about the Blue Revolution through sustainable and responsible development of the fisheries sector in India.

◇ With the scheme, highest ever investment of Rs. 20050 crores are being made in the fisheries sector.

□ OBJECTIVES :-

◇ Harnessing of fisheries potential in a sustainable, responsible, inclusive and equitable manner.

◇ Enhancing of fish production and productivity through expansion, intensification, diversification and productive utilization of land and water.

◇ Modernizing and strengthening of the value chain – post-harvest management and quality improvement.

◇ Doubling fishers and fish farmers incomes and generation of employment.

◇ Enhancing contribution to Agriculture GVA and exports.

□ IMPLEMENTATION

◇ The PMMSY will be implemented as an umbrella scheme with two separate components namely:

• Central Sector Scheme and

• Centrally Sponsored Scheme

︎SOURCE - PIB

︎JOIN @Government_schemes Open / Comment

2021-06-18 17:30:02 ︎GOVERNMENT SCHEME - 26

#Taxation #GS3

■ VIVAD SE VISHWAS SCHEME

□ ABOUT :-

◇ Government has introduced The Direct Tax Vivad se Vishwas Bill, 2020.

◇ Bill is aimed at resolving direct tax-related disputes in a speedy manner.

◇ In the last budget, Sabka Vishwas Scheme was brought in to reduce litigation in indirect taxes. It resulted in settling over 1,89,000 cases.

◇ The Vivad se Vishwas Scheme is to do for direct tax-related disputes exactly what Sabka Vishwas did for indirect tax-related disputes.

□ NEED OF SUCH SCHEME ?

◇ At present, there are as many as 4,83,000 direct tax cases pending in various appellate forums i.e. Commissioner (Appeals), ITAT, High Court and Supreme Court.

□ SPECIFICS OF SCHEME

◇ A taxpayer would be required to pay only the amount of the disputed taxes and will get a complete waiver of interest and penalty provided he pays by 31st March 2020.

◇ Those who avail this scheme after 31st March 2020 will have to pay some additional amount.

︎SOURCE - THE INDIAN EXPRESS. Open / Comment

2021-06-17 18:30:04 ︎GOVERNMENT SCHEME - 25

■ SWAMITVA SCHEME

□ ABOUT :-

◇ SWAMITVA stands for Survey of Villages and Mapping with Improvised Technology in Village Areas.

◇ Under the scheme, the latest surveying technology such as drones will be used for measuring the inhabited land in villages and rural areas.

◇ The mapping and survey will be conducted in collaboration with the Survey of India, State Revenue Department and State Panchayati Raj Department under the Ministry of Panchayati Raj.

◇ Property Cards will be prepared and given to the respective owners.

□ BENEFITS :-

◇ The scheme will create records of land ownership in villages and these records will further facilitate tax collection, new building plan and issuance of permits.

□ E-GRAMSWARAJ PORTAL

E Gram Swaraj portal is the official portal of central govt for the implementation of Swamitva scheme.

By visiting this portal people can check their Panchayat profile easily.

︎SOURCE - PIB Open / Comment

2021-06-16 16:30:04 ︎GOVERNMENT SCHEME - 24

#Poverty #GS2

■ PRADHAN MANTRI GARIB KALYAN YOJANA.

The Union Cabinet has approved the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) as part of Economic Response to COVID-19.

□ FEATURES :-

◇ Under the scheme it is proposed to distribute 9.7 Lakh MT cleaned whole Chana to States/UTs for distribution to all beneficiary households under the National Food Security Act, 2013 (NFSA).

◇ Thus it would 1kg per month free of cost.

◇ All expenses on the extended PMGKAY are to be borne by the Central Government.

◇ About 19.4 crore households would be covered under the Scheme.

□ BENEFITS :-

◇ Extension of the scheme is in line with the commitments of the GOI to allow anybody, especially any poor family, to suffer on account of non-availability of food grains due to disruption during next five months.

︎SOURCE - PIB Open / Comment

2021-06-15 16:30:03 ︎GOVERNMENT SCHEME - 23


■ PM SWANIDHI SCHEME.

The Ministry of Housing and Urban Affairs has launched a micro-credit facility for street vendors under the Swanidhi Scheme.

□ ABOUT :-

◇ The Pradhan Mantri Street Vendor’s Atmanirbhar Nidhi Scheme is aimed at benefiting over 50 lakh vendors who had their businesses operational on or before March 24.

◇ The scheme was announced by Finance Minister as a part of the economic package for those affected by the COVID-19 pandemic and lockdown.

□ BENEFICIARIES

◇ This loan will be given to those who run shops on the roadside, handcart or streetcar.

◇ Fruit-vegetable, laundry, saloon and paan shops are also included in this category.

□ FACILITIES PROVIDED :-

◇ The vendors will be able to apply for a working capital loan of up to ₹10,000, which is repayable in monthly installments within a year.

◇ On timely/early repayment of the loan, an interest subsidy of 7% per annum will be credited to the bank accounts of beneficiaries.

︎SOURCE - THE HINDU. Open / Comment

2021-06-14 18:30:05 ︎GOVERNMENT SCHEME - 22

■ SAHAKAR MITRA SCHEME

#Governance #GS2

The Union Ministry for Agriculture has launched Sahakar Mitra: Scheme on Internship Programme (SIP).

□ ABOUT :-

◇ An initiative by the National Cooperative Development Corporation (NCDC), the cooperative sector development finance organization.

◇ Aims to help cooperative institutions access innovative ideas of young professionals while the interns will gain experience of working in the field to be self-reliant.

◇ Scheme is expected to assist cooperative institutions to access new and innovative ideas of young professionals.

◇ Professional graduates in disciplines such as Agriculture and allied areas, IT etc. will be eligible for an internship.

◇ Professionals who pursuing or have completed their MBA degrees in Agri-business, Cooperation, Finance, International Trade, Forestry, Rural Development, Project Management etc. will also be eligible.

◇ Each intern will get financial support over a 4 months internship period.

︎SOURCE - PIB Open / Comment

2021-06-14 08:30:07 ︎GOVERNMENT SCHEME - 21


■ JAL JEEVAN MISSION (URBAN).

#Urbanizationproblemsandremedies #GS1


The urban water supply mission under the Jal Jeevan Mission announced in the Budget would include rejuvenation of water bodies as well as 20% of supply from reused water.


□ ABOUT :-

◇ Jal Jeevan Mission, a central government initiative under the Ministry of Jal Shakti, aims to ensure access of piped water for every household in India.

◇ The mission’s goal is to provide to all households in rural India safe and adequate water through individual household tap connections by 2024.

◇ The Har Ghar Nal Se Jal programme was announced by FM in Budget 2019-20 speech.

◇ This programme forms a crucial part of the Jal Jeevan Mission.

◇ The programme aims to implement source sustainability measures as mandatory elements, such as recharge and reuse through greywater management, water conservation, and rainwater harvesting.

︎SOURCE - THE HINDU. Open / Comment