Government Schemes in India

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.

Madhya Pradesh Tops in Implementation of PM SVANidhi: Shivraj Singh Chouhan

Madhya Pradesh’s Chief Minister Shivraj Singh Chouhan addressed the Street Vendors in the State on 12th July 2020 through video conferencing. He informed that Madhya Pradesh so far has topped in implementation of the Pradhan Mantri Street Vendors Atma Nirbhar Nidhi (PM SVANidhi) by sanctioning an interest-free loan of around Rs 15.50 crore to 15,500 street vendors in the state.

As of 12th July 2020, 8,70,300 street vendors have registered themselves under the PM SVANidhi.  Out of the 8,70,300, about 1,76,000 street vendors have been issued identity cards and vending certificates.

PM SVANidhi

PM SVANidhi is a central sector scheme that was launched on 1st June 2020 to help and formalize the street vendors involved in small businesses across the country. The scheme is funded by the Ministry of Housing and Urban Affairs.

Under the scheme, financial assistance of Rs 10,000 is being provided without any interest from Banks for a period of one year to street vendors across the country so that they can resume their businesses in the post nationwide lockdown period.

The interest on the loan amount of 7 percent will be borne by the Central Government, while the remaining interest on the loan amount will be borne by the Governments of that respective State in which the street vendor is registered. Further, the Street Vendors who will timely repay the loan amount will be eligible for a loan of Rs 20,000 in the next financial year under the scheme.

NHAI approaches Premier Technical Institutes for Collaboration and Partnership

For vital inputs related to the local requirement that will help in providing a world-class network of National Highways in the country such as topography, resource potential, etc, the National Highways Authority of India (NHAI) through a decentralized approach will be collaborating with the premier Technical Institutes of the country (IITs, NITs, and other Reputed Engineering Colleges and Universities).

The collaboration and partnership by the premier Technical Institutes will be under part of their Institutional Social Responsibility (ISR).

About the Collaboration and Partnership

Under the Collaboration and Partnership with NHAI, the Technical Institutes will adopt a stretch of the nearby National Highways on a voluntary basis. The vital local inputs from the Technical Institutes will help the NHAI to further improve the overall quality and Safety aspects of the National Highways in the region.

This will help in building a sense of participation in decision making among the students of the Technical Institutes and also provide a hands-on learning experience for the students that can further open up options for internship in near future for the students of the Technical Institutes in the National Highways sector.

A significant number of Technical Institutes have already registered their interest in joining the initiative. Memorandum of Understandings (MoUs) have already been signed with few technical institutes by NHAI, more MoUs will be signed by NHAI with technical institutes across the country in the upcoming days.