Loans worth Rs 3,200 crores sanctioned under Atma Nirbhar Bharat Abhiyan

On June 2, 2020, the Public Sector Banks sanctioned collateral free loans that were worth Rs 200 crores. The complete Rs 200 crore sanction was done in a single day.

Highlights

The PSBs are set to sanction Rs 3,200 crores under Atma Nirbhar Bharat Abhiyan. This will benefit MSMEs (Micro, Small and Medium Enterprises) that are located in more than 3,000 TIER-2 towns. These loans will help MSMEs meet their expenses towards rent, restocking of goods and payment of salaries.

Atma Nirbhar Bharat Abhiyan

The Union Finance Minister Nirmala Sitaraman while announcing the economic package of Rs 20 lakh crore under the Atma Nirbhar Bharat Abhiyan Scheme, said that collateral free loans with one-year moratorium will be provisioned. These loans are those that are now being provided by the Public Sector Banks. (Moratorium is the period during which the borrower is not obligates to make any payment).

Under the scheme, for the other stressed sectors up to 25 crores of rupees are availed as additional 20% of outstanding loans.

Khelo India Community Coach Development Programme

On June 2, 2020, the Minister of Youth Affairs and Sports Kiren Rijju inaugurated the India Community Coach Development Programme

Highlights

The India Community Coach Development Programme is a 25-day long programme for community coaches and PE teachers all over the country. The programme has been launched to give more importance to Physical Education in schools. Both the Ministry of HRD and Ministry of Youth Affairs and Sports are to work together to take the programme to every school. Besides regular sessions by eminent educationalists in the sports field, international expert will also participate in the programme.

Significance

The Physical Education teachers and community coaches have major role to reach every child, motivate them to participate in fitness and sports activities.

The GoI has also launched several steps to encourage people to take up fitness as their way of life. The Fit India Movement is one such step.

Fit India Movement

The Fit India Movement was launched by PM Modi. The movement highlighted the need to stay healthy amidst the modern lifestyle disorders. It was announced to celebrate the National Sports Day.

Why is the programme important?

  • The WHO says that one in four adults is not active.
  • The Indian Council of Medical Research says that the deaths due to Non-Communicable Diseases are increases. This can be reduced only through physical activities
  • The National Family Health Survey says that 11% of women and 15% of men are hypertensive. Fitness exercises will help improve hypertensive conditions.