Government Schemes Current Affairs - 2020
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.
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.
Tags: GeM • Governance • Government e-Marketplace • Government Schemes • Public Procurement
Union Cabinet has approved relaxation of mandatory requirement of Aadhaar Seeded data as pre-condition for release of funds to beneficiaries under Pradhan Mantri KisanSamman Nidhi (PM-Kisan) scheme.
About Pradhan Mantri KisanSamman Nidhi (PM-KISAN)
It is Central Sector Scheme to provide income support to land-holding farmers’ families. It provides income support of Rs 6,000 per year to landholding families, subject to certain exclusions. The amount is released in three four-monthly instalments of Rs. two thousand each directly to beneficiaries bank accounts through DBT mode.
Implementation Progress: Total amount of more than Rs.27000 crores have already been released under PM-KISAN scheme through 1st instalment to 6,76,76,073 beneficiaries, 2nd instalment to 5,14,27,195 beneficiaries and 3rd instalment to 1,74,20,230 beneficiaries.
Need for Relaxation
Under this scheme, release of third instalment from August 2019 onwards to those beneficiaries who got first and second instalments was to be made only on basis of Aadhaar seeded database. However, 100% Aadhaar seeding for release of funds as per prescribed time schedule was not possible before release of instalments after August, 2019. Therefore, mandatory requirement of Aadhaar seeding for release of benefits from August 2019 has been relaxed till 30th November, 2019.
Benefits of relaxation of aadhar seeding: It will enable immediate release of PM-KISAN benefits to large number of farmers who are not able to avail same due this requirement. This mandatory requirement will remain applicable for release of benefits from December, 2019 onwards.