Government Schemes & Projects 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 government schemes, government policies, projects, and government campaign launches such as portal, apps etc. also.

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Yuva Sahakar­- Cooperative Enterprise Support and Innovation Scheme 2019 launched

‘Yuva Sahakar’-­ Cooperative Enterprise Support and Innovation Scheme 2019 was launched at the opening ceremony of first ever ‘India International Cooperatives Trade Fair’ in New Delhi on 11 October 2019 by Union Minister for Agriculture and Farmers’ Welfare Narendra Singh Tomar.

With organisations from 35 countries and more than 150 Indian cooperatives participating in the Fair, the trade fair is a major platform to promote export of products of cooperatives which will lead to enhanced rural and farm prosperity. Since cooperation is the key to development of vilages, thus this mela will prove to be a milestone in the growth of rural India and will discuss the challenges being faced by Cooperatives, like delivery and available markets.

About Yuva Sahakar ­Cooperative Enterprise Support and Innovation Scheme 2019

The scheme has been formulated by National Cooperative Development Corporation (NCDC) in line with Government’s focus on programmes such as Start-up India and Stand-up India which is aimed at young entrepreneurs with new and innovative ideas.

The Scheme has an annual outlay of 100 crores and is aimed at cooperatives in North Eastern Region, cooperatives registered and operating in Aspirational Districts as identified by NITI Aayog, cooperatives with 100% SC/ST/ women/Persons with Disability members.

GeM signs MoU with Union Bank of India

Government e-Marketplace (GeM) signed Memorandum of Understanding (MoU) with Union Bank of India (UBI). Through this partnership, UBI will be able to offer array of services including transfer of funds through GeM Pool Accounts (GPA), advising of Performance Bank Guarantees (e-PBG) and Earnest Money Deposit (EMD) to the registered users on the GeM portal. It will also facilitate cashless, paperless and transparent payment system on GeM portal and will create an efficient procurement system for government entities.

Background

Online integration for payments and various banking services is one of the priorities for GeM. So far, GeM has signed MoU with 14 Public Sector and private banks to enable this. It is also working with others banks, TReDs, and SIDBI to provide invoice financing and Bill Discounting to MSMEs registered on GeM. This will help MSMEs access easy credit and do better business with Government Departments.

About Government e-Marketplace (GeM)

It is an online marketplace launched by Union Government in 2018 to facilitate procurement of goods and services by various Ministries and agencies of the Government. It offers online, end to end solution for procurement of commonly used goods and services for all central government and state governments departments, public sector units (PSUs) and affiliated bodies. Its main aim is to enhance transparency, efficiency and speed in public procurement of goods and services and eliminate corruption. It provides tools for Direct Purchase, bidding and reverse auction in a transparent manner for government departments.