MUDRA 2.0 loans should target greater equity, deepen financial literacy. Pradhan Mantri Mudra Yojana (PMMY) – Key Points Overview: Launch: 2015 by the Government of India. Aim: Provide affordable credit to micro and small enterprises. Objective: “Fund the unfunded” by offering easy credit access to small borrowers. Loan Details: Amount: Up to ₹10 lakh for […]

Recently, The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, approved the Unified Pension Scheme (UPS). Unified Pension Scheme (UPS) – Key Points  Approval: The Union Cabinet, chaired by PM Narendra Modi, approved the UPS. Assured Pension: 50% of the average basic pay of the last 12 months before retirement. Applicable for a […]

Recently, the Union Minister of Education interacted with students, teachers, parents of PM SHRI Schools and alumni of Prerana Programmes. Prerana Programme  Introduction Launched in January 2024 by the Union Education Ministry. Aligned with NEP 2020’s emphasis on value-based education. Week-long residential program for selected class IX-XII students. Combines technology with heritage for experiential learning. […]

Food and Consumer Affairs Minister launched a pilot for the transformation of 60 Fair Price Shops into Jan Poshan Kendras. Transformation of Fair Price Shops (FPS) into Jan Poshan Kendra Initiative Launch: Union Minister Pralhad Venkatesh Joshi launched a pilot to transform 60 Fair Price Shops (FPS) into Jan Poshan Kendra. Location: The pilot is […]

Mega event and IEC campaign started from 23rd August to provide benefits of schemes to PVTG families PM-JANMAN Mission – Key Points  Objective: Reach out to Particularly Vulnerable Tribal Groups (PVTGs) to provide essential services and information about government schemes. Campaign Period: 23rd August 2024 – 10th September 2024. Coverage: 194 districts across 18 states […]

Deendayal Antyodaya Yojana-National Rural Livelihoods Mission launches Million Designers, Billion Dreams with LEAP. “Million Designers, Billion Dreams” initiative What it is: An innovative program that seeks to empower individuals across India by introducing systems design. Objective: To help find solutions to complex societal challenges. Launched on August 6. Launched by DAY-NRLM. Who runs: LEAP. What […]

Union Minister Dr. Jitendra Singh Launches ‘Amrit Gyan Kosh’ and ‘Faculty Development’ Portals under Mission Karmayogi. Amrit Gyan Kosh & Faculty Development Portal: Launched by Union Minister Dr. Jitendra Singh. Event: Civil Service Training Institutions Convention, Vigyan Bhavan, New Delhi. National Capacity Building Commission & Mission Karmayogi Bharat: Integral to governance; 31 lakh government employees […]

Revival of Fasal Bima Yojana Pradhan Mantri Fasal Bima Yojana (PMFBY) Launched: 2016 Objective: Provide financial support to farmers for crop loss due to natural calamities. Coverage: Largest crop insurance scheme globally, with record number of farmers enrolled in 2023-24. Premium: Farmer’s share capped at 2% (Kharif), 1.5% (Rabi), 5% (Commercial/Horticultural). Some states offer complete […]

Government of India issues Operational Guidelines for Implementation of ‘Model Solar Village. Model Solar Village under PM-Surya Ghar: Muft Bijli Yojana Launch Date: 9th August 2024 Objective: Promote solar energy adoption; make villages self-reliant in energy needs Financial Outlay: ₹800 crore Funding: ₹1 crore per selected Model Solar Village Eligibility: Revenue villages Population: >5,000 (or […]

Cabinet approves Pradhan Mantri Awas Yojana-Urban 2.0 Scheme Pradhan Mantri Awas Yojana-Urban 2.0 (PMAY-U 2.0) – Key Points Launch: Approved by the Union Cabinet on 9th August 2024. Objective: Construct 1 crore houses for urban poor and middle-class families within 5 years. Investment: ₹10 lakh crore with ₹2.30 lakh crore government subsidy. Eligibility: EWS (income […]