Small Industries and Development Bank of India (SIDBI) was established in 1990 with the main objective of promoting and financing micro, small, and medium enterprises in the country. The government of India has created a Credit Guarantee Fund (CGF) for Micro Units Development Refinance Agency (MUDRA) loans and for converting MUDRA Ltd. into MUDRA Small Industries Development Bank of India (SIDBI) Bank as a wholl...
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Category: Economy
Shyama Prasad Mukherji Rurban Mission
Shyama Prasad Mukherji Rurban Mission (SPMRM) has been launched to bring about economic, social and infrastructure development in rural areas. It is an ambitious scheme to transform rural areas into economically, socially and physically sustainable spaces. SPMRM was announced in the Union Budget 2014-15 following the success of Rurban development model of urbanization of the rural areas in the state of Gujarat...
Saansad Adarsh Gram Yojana ( SAGY)
Saansad Adarsh Gram Yojana (SAGY) is an ambitious village development project, striving to realize twin objectives of strengthening infrastructure and nurturing values of national pride, social justice, spirit of community service, patriotism and self-confidence. Under the scheme each Member of Parliament is to take the responsibility of developing physical and institutional infrastructure in three villages by 2...
PRASAD – Pilgrimage Rejuvenation and Spiritual Augmentation Drive
PRASAD - Pilgrimage Rejuvenation and Spiritual Augmentation Drive is a scheme launched by the Ministry of Tourism. The scheme focuses on development and beautification of the identified pilgrimage destinations whereas in the ‘Spiritual Circuit’ identified under the Swadesh Darshan Scheme, the thrust is on development of particular thematic circuit consisting of various religious/spiritual destination in a State ...
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Suraksha Bima Yojana (PMSBY), is one of the three Social Security Schemes to create universal social system for the citizens. The other two are Atal Pension Yojana and Pradhan Mantri Jeevan Jyoti Bima Yojana. The scheme has been launched to ensure risk coverage in case of accidental death, full or partial disability. The insured amount to be provided for accidental death and full disability is Rs....
Pradhan Mantri Mudra Yojana
Pradhan Mantri Mudra Yojana is revolutionary scheme launched to help specifically the small entrepreneurs. The scheme aims at refinancing and developing micro units under the Micro Units Development and Refinance Agency (MUDRA) Bank - a new institution being set up by Government of India .The scheme was mooted by the Finance Minister Arun Jaitly during his budget speech 2016-17 keeping in focus the needs of sma...
Pradhan Mantri Jeevan Jyoti Bima Yojana Creating a Universal Social Security System for the Poor and the Under-privileged
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) is one of the ambitious Social Security Schemes of the Government of India, launched by the Prime Minister Narendra Modi on 9 May, 2015. This is an Insurance Scheme offering life insurance cover for death due to any reason, i.e., it covers both natural and accidental death risks. The maximum sum assured offered under this...
MUDRA Bank Aimed at Funding the Unfunded will Contribute Substantially to Job Creation in the Economy
MUDRA Bank (Micro Units Development and Refinance Agency Bank), is a new institution set up by the Government of India for development of micro units and refinance of Micro Finance Institutions (MFIs) to encourage entrepreneurship in India and provide the funding to the non corporate small business sector. Finance Minister Shri Arun Jaitley, while presenting the Budget for FY 2015-16 had announ...
Insight into the Contract Theory Wins Nobel Prize Economics
Oliver Hart of the Harvard University and Bengt Holmstrom of the Massachusetts Institute of Technology have won the 2016 Nobel Prize in Economics on their making pioneering contributions to the Contract Theory, shedding light on how contracts help people deal with conflicting interests. Their work revolves around relatively esoteric subjects li...
Delhi Mumbai Industrial Corridor
Delhi-Mumbai Industrial Corridor (DMIC) is the world's largest infrastructure project, with investments worth $100 billion, with the financial & technical aids from Japan, covering an overall length of 1483 kms between the national capital and the financial capital of India, i.e. Delhi and Mumbai. Inspired by Japan's Tokyo-Osaka industrial corridor, it’s a Multi-modal High Axle Load Dedicated Freig...