Government Schemes Current Affairs - 2019

Latest Government Schemes Current Affairs 2019 for UPSC Exams, Bank Exams, Civil Services, SSC and other Competitive Exams. This category comprises current affairs related to various welfare schemes of Government of India and State Governments.

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Government Approves Continuation of CLCS-TUS Scheme for MSMEs

The Cabinet Committee on Economic Affairs (CCEA) has approved a three-year extension of the Credit Linked Capital Subsidy and Technology Up-gradation Scheme (CLCS-TUS) for Micro, Small and Medium Enterprises (MSME) with a total outlay of 2,900 crores on 13th February 2019. This scheme will continue beyond the 12th Five Year Plan for three years from 2017-18 to 2019-20.

What is the CLCS-TUS Scheme?

  • Under this scheme, an upfront capital subsidy of 15 per cent will be provided to the MSMEs on institutional finance of up to Rs 1 crore availed by them. This will be done to help the MSMEs in employing well-established and improved technology in the specified 51 sub-sectors/products approved.
  • The scheme aims to improve the competitiveness of MSMEs by integrating various current schemes aimed at up-grading technology through Credit Linked Capital Subsidy, hand holding for zero defect zero effect manufacturing, increasing productivity through waste reduction, design intervention, cloud computing, facilitation of intellectual property and nurturing new ideas.
  • It will also focus on improving the quality of products and enhancement in productivity. This will promote a culture of continuous development.
  • The scheme also incorporates special provisions to increase entrepreneurship for SC/STs, women, hill states, island territories and the aspirational districts/ LWE (Left-wing extremism) districts.

Comment

The MSME sector has emerged as a highly vibrant and dynamic sector of the Indian economy. They not only provide employment in the rural areas but are also a prelude to industrialization. MSMEs are complementary to large industries as ancillary units and this sector contributes enormously to the socio-economic development of the country.

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PM Modi serves the 3 Billionth Meal of Akshaya Patra

Prime Minister Narendra Modi served the three billionth meal of Akshaya Patra, an NGO that works with the government on Mid-Day Meal Scheme. The Prime Minister Served the food to about 20 schoolchildren who are the beneficiaries of the mid-day meal scheme at the  Vrindavan Chandrodaya Mandir campus in the holy city of Vrindavan. Prime Minister also unveiled a ceremonial plaque to mark the serving of “3rd billionth meal” by Akshaya Patra Foundation.

Akshaya Patra Foundation

Akshaya Patra Foundation is a Bengaluru-based not-for-profit organisation Funded by International Society for Krishna Consciousness (ISKCON). Akshaya Patra Foundation is an implementation partner for the governments Mid-Day Meal Scheme.

Akshaya Patra Foundation has served meals to more than 1.76 million children in twelve states covering 14,702 schools since its inception. In the year 2016, Akshaya Patra commemorated the serving of 2 billion cumulative meals in the presence of the then President of India Pranab Mukherjee.

Akshaya Patra Foundation is the world’s largest not-for-profit run organisation serving wholesome food to over 1.76 million children every school day from over 14,000 schools across 12 states in India.

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