Ministry of Cooperation: Modi govt creates new ministry

Ministry of Cooperation: Modi govt creates new ministry to strengthen cooperative movement. Modi government creates Ministry of Cooperation for strengthening cooperative movement: The Narendra Modi government has created a new Ministry of Cooperation with an aim to strengthen the cooperative movement in the country. This new ministry will provide a separate administrative, legal and policy … Read more

Indian Bank launches IND Spring Board to finance start-ups

It is an initiative of Indian Bank and IIT Madras Incubation Cell (IITMIC). It is an initiative for funding start-ups. IITMIC will refer start-ups with proven technology and established cash flows to the bank. The bank, in turn, will extend loans of up to ₹50 crore to these units. This is in collaboration with the … Read more

FAME-India Scheme

The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India was launched in 2015 under National Electric Mobility Mission (NEMM). It aims at promoting eco-friendly vehicles in the country. The scheme is being administered by the Heavy Industries Ministry. Objectives of the scheme: Provide fiscal and monetary incentives for adoption and market creation … Read more

Atal Bhujal Yojana (ABHY)

Implemented by Ministry of Water Resources, River Development and Ganga Rejuvenation it aims at tackling ever-deepening crisis of depleting groundwater level. It is designed as a Central Sector Scheme with a total outlay of Rs. 6,000 Crore and is proposed to be implemented with World Bank assistance. Scheme: The scheme is to be implemented over … Read more

Saubhagya – Pradhan Mantri Sahaj Bijli Har Ghar Yojana

UPSC IAS Prelims Exam 2019 Important Govt Schemes It was launched in September 2017 with the objective to provide access to electricity to all the remaining households in the country. The scheme primarily benefits rural areas, which have vast majority of households without power connections. It is being funded to extent of 60% by central … Read more

Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY)

UPSC IAS Prelims Exam 2019 General Studies Paper-I Study Notes It was launched in 2015 by Ministry of Power with an objective to augment power supply to the rural areas and to strengthen sub-transmission and distribution systems It focuses on feeder separation (rural households & agricultural) and strengthening of sub- transmission & distribution infrastructure including … Read more