Government Schemes in India Current Affairs - 2020
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 government schemes, government policies, projects, and government campaign launches such as portal, apps etc. also.
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Union Government has launched Venture Capital Fund for Scheduled Castes Scheme to encourage budding and existing entrepreneurs from Scheduled Castes (SCs).
It was launched by Union Social Justice Minister Thaawar Chand Gehlot in Delhi.
Venture Capital Fund for Scheduled Castes Scheme
- Objectives: To promote entrepreneurship amongst the SCs who are oriented towards innovation and technological growth by providing concessional finance to them. It also seeks to enhance direct and indirect employment generation for SC population.
- It consists of an initial capital of Rs. 200 crore.
- Industrial Finance Corporation of India (IFCI) Limited will be the Sponsor this scheme. While, Settler and Asset Management Company (AMC) will be nodal agency to operate the scheme.
- Under this scheme, Union Ministry of Social Justice and Empowerment will provide assistance of Rs. 15 crore to each 30 persons a year, in the form of loan.
Tags: Current Affairs 2016 • Government Schemes • Industrial Finance Corporation of India (IFCI) Limited • Ministry of Social Justice & Empowerment • Venture Capital Fund for Scheduled Castes Scheme
Union Urban Development Ministry, United States Agency for International Development (USAID) and Bill and Milinda Gates Foundation (BMGF) have agreed to partner in Swachh Bharat programme.
In this regard, USAID has inked a pact with the Urban Development Ministry while BGMF signed a Memorandum of Cooperation.
The Memoranda were signed in presence of Union Urban Development Minister M Venkaiah Naidu and US Ambassador to India, Richard Verma.
- As a global partner in Swachh Bharat programme, USAID will assist union governments flagship programme by knowledge exchange and identification and sharing of best practices for water and sanitation services.
- It will also provide technical support and promote public private partnership (PPP) and spend about $2.50 million per year on these activities.
- While, BMGF as a partner will provide technical and management support in the implementation of the mission.
- It will provide coordination of decentralised and non-sewered sanitation solutions, implementation and management through skill development focusing on towns located along the Ganga river at a cost of $2.50 million annually.
Thus it can be said that Government’s Swachchh Bharat Mission got global boost, which will take sanitation beyond construction of toilets and offers holistic solutions towards cleanliness.