Government Schemes in India
On July 14, 2020, Atal Innovation Mission of NITI Aayog coordinated and concluded the series of COVID-19 “Demo Days” initiative. The initiative will identify promising startups that have the potential of COVID-19 innovations.
The “Demo Days” initiative was launched by Atal Innovative Mission in partnership with government bodies such as Biotechnology Industry Research Assistance Council (BIRAC), Department of Science and Technology, Department of Biotechnology (DBT), AGNI, Startup India.
About the Initiative
Under the initiative, 9 Demo Days were held on Personal Protective Equipment (PPE), medical devices, technology solutions. Around 70 startups were shortlisted under the initiative. These startups will receive support in the form of funding, supply chain and logistics and access to manufacturing abilities.
The initiative has helped to make 340 connections involving more than 50 startups. It also helped to remove the roadblocks in commercialization and also provided suggestions for its improvement.
Tags: Atal Innovation Mission (AIM) • BIRAC • Department of Science and Technology (DST) • Niti Aayog • Personal Protective Equipment (PPE)
The National Bank for Agriculture and Rural Development (NABARD) has launched a refinance scheme for financial institutions and banks. It has allocated Rs 5,000 crores for the scheme.
Under the scheme, the Primary Agricultural Credit Societies are to be turned into multi-service centres. The fund allocated under the scheme is to be made available to financial institutions and banks to lend to the beneficiaries in 2,150 water shed development projects.
About the projects
The scheme will mainly focus on watershed development projects. These projects are spread over 2.3 million hectares of watershed, tribal development and rainfed areas.
Computerisation of PACS
NABARD has also launched the scheme to computerise PACS (Primary Agricultural Credit Societies). Under the scheme, 5,000 PACS are to be upgraded in the initial phases, 15,000 by 2022 and another 15,000 by 2023.
Significance of PACS
PACS support farmers in post-harvest and marketing activities. Also, it plays key role in supply chain activities by acting as spokes to the upcoming Gramin Agriculture Markets.
Gramin Agriculture Markets
The Gramin Agriculture Markets are village level markets in India. There are 22,000 rural agricultural markets in the country. These markets are to be linked with E-NAM. This will help organize the agriculture market sector and help farmers sell at best prices. Hence, the initiative will help India achieve its target of doubling farmers income by 2022.