Government Schemes in India
On April 8, 2020, the Small Industries Development Bank of India announced that it will provide emergency working capital of Rs 1 crore to small and medium enterprises.
The SIDBI launched SAFE scheme on March 26, 2020. The SAFE scheme is SIDBI Assistance to Facilitate Emergency Response against Corona Virus. It is financial assistance programme for small and medium enterprises that are engaged in manufacturing. Under the scheme, the MSEs that are involved in manufacturing masks, hand sanitizers, head gears, gloves, body suits, ventilators, shoe-covers and goggles shall avail loan up to Rs 50 lakhs. This will help in addressing shortage issues of Personal Protective Equipment (PPE) in the country.
About the new initiative
Under the scheme, the SIDBI is to provide emergency working capital up to Rs 1 crore. This is being done as SAFE Plus initiative. The initiative is offered collateral free and will be disbursed in 48 hours.
Tags: Capital • MSME • Personal Protective Equipment (PPE) • SAFE scheme • SIDBI
The National Highway Authority of India recently completed the construction of 3,979 km of national highways in the financial year 2019-20. This is the highest ever target achieved by the authority in a financial year since its establishment. The Government of India envisaged construction of national highway under Bharatmala Pariyojana.
The scheme is being implemented by Ministry of Road and Transport and Highways. It was launched in 2015. The scheme has set a target of completing 65,000 km of NH. Under Phase-I of the project, the scheme is to complete 27,500 km of NH construction. Government of India has allocated Rs 5,35,000 crore for completion of phase I. The phase I was to be completed in 5 years of the project launch. So far 27,500 km has been constructed.
The NHAI was established in 1995. It is a statutory body operating under Ministry of Road Transport and Highways. NHAI was set up under the provisions of National Highway Authority of India Act, 1988.