Small and Medium Enterprises Current Affairs - 2019

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KVIC distributes more than 1 lakh Bee-Boxes under ‘Honey Mission’

The Khadi and Village Industries Commission (KVIC) distributed more than one lakh bee-boxes among farmers and unemployed youths across India in less than two years under its ‘Honey Mission’ initiative. This is the first time such mass scale distribution of honey bee boxes has taken place in country.

About Honey Mission

  • It was launched in August 2017 in line with PM Narendra Modi’s call for ‘Sweet Revolution’ (revolution in production of honey to increase its production) in 2016 while introducing Banas Honey project at Deesa in Gujarat.
  • Under this mission KVIC provides beekeepers
    • Practical training about examination of honeybee colonies.
    • Acquaintance with apicultural equipments.
    • Identification and management of bee enemies and diseases.
    • Honey extraction and wax purification.
    • Management of bee colonies in spring, summer, monsoon, autumn and winter seasons.
  • So far, KVIC have created more than 10,000 new jobs and around 25,000 additional man days through fabrication of bee boxes and honey extractors.
  • KVIC would provide loans for setting up processing units, packaging units and labelling units for honey.
  • Importance: Production of healthy honey and wax, ands bee-keeping would open many job opportunities for unemployed youths and also for saspiring young entrepreneurs.
  • Under mission till date about 246 metric tonnes of honey has been extracted through these bee-boxes valuing over Rs 4 crore.
  • Earlier on 21 May 2018 on occasion of World Honey Bee Day, KVIC distributed 1,000 bee-boxes among 100 Mishing tribe in Kaziranga forest area in Assam and created a new world record of distributing maximum number of bee boxes in a single day.

About Khadi and Village Industries Commission (KVIC)

  • It is a statutory body formed under ‘Khadi and Village Industries Commission Act of 1956’ by Government of India.
  • It is an apex organisation under Ministry of Micro, Small and Medium Enterprises (MSME).
  • It is nodal implementation agency of Prime Minister Employment Generation Programme (PMEGP) at national level.
  • PMEGP is a major credit-linked subsidy programme being implemented by MSME Ministry since 2008-09 and will Continue till 2019-20. It aims to generate employment in India’s rural and urban areas.

Month: Categories: Government Schemes

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Interim Budget 2019: Highlights

The highlights of the Interim Budget 2019 presented by the Finance Minister are listed below:

  • 6,000 rupees yearly direct support to farmers through PM-KISAN Programme.
  • Pension of 3,000 rupees for unorganised sector workers earning up to 15,000 rupees through a mega Pension Scheme – Pradhan Mantri Shram- Yogi Maandhan.
  • Present Income Tax rates to continue and full tax rebate up to an income of 5 lakh rupees for individual taxpayers. Standard deduction raised to 50,000, a hike of 10,000 for salaried class.
  • Simplification of Direct tax system and returns to be processed in 24 hours with immediate refunds.
  • 90 per cent GST payers can file quarterly returns.
  • Two per cent interest rebate for Small and Medium Enterprises to get an incremental loan of one crore rupees.
  • Constituting group of Ministers to examine GST burden on home buyers.
  • Digitalization of Customs for export and import transactions.
  • Allocations towards Health care, MGNREGA, SC/ST welfare programmes, Pradhan Mantri Gram Sadak Yojana, Development of infrastructure in North-East has been increased substantially.
  • Rashtriya Kamdhenu Aayog for genetic upgradation of the cow.
  • Separate Department of Fisheries.
  • Electricity connection to all willing families by next month.
  • Allocations to Defence budget crosses three lakh crore rupees for the first time.
  • More than three lakh 38 thousand shell companies deregistered after demonetization.
  • 10 point vision for 2030 to realize India’s social economic potential.
  • India to be a 10 trillion dollars economy in 13 years.
  • Government e-Marketplace – GeM to be extended to all Central Public Sector Enterprises.
  • Container cargo movement to the North-East through Brahmaputra river.
  • Allocation for infrastructure development in the North East increased by 21 per cent.
  • AIIMS to be established in Haryana.
  • Digital connectivity for more than one lakh more villages.
  • National Centre on Artificial Intelligence Centre to be established.
  • Tightening of Cinematograph Act to check piracy.
  • Single window clearance for shooting films for Indian filmmakers.
  • Indigenous development of semi-high speed Vande Bharat Express train
  • The fiscal deficit pegged at 3.4 per cent of GDP.

The Budget was keenly watched as the country is heading for a general election in 2019.

Month: Categories: Business, Economy & Banking

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