Current Affairs Today - Current Affairs 2016
PM Narendra Modi launches Stand up India scheme for SC/ST, women
Prime Minister Narendra Modi has launched the Stand-up India scheme aimed at providing credit to Scheduled Caste (SC), Scheduled Tribe (ST), and women borrowers in the non-farm sector.
The scheme is intended to promote entrepreneurship among SC/ST and women and further give a push to government’s financial inclusion programme.
The broad features of the scheme
- Composite loan between 10 lakh rupees and up to 1 crore rupees will be provided to SC/ST and women and also inclusive of working capital component for setting up any new enterprise.
- Debit Card (RuPay) for withdrawal of working capital. Credit history of borrower to be developed of these under-banked sections of society.
- Refinance window through Small Industries Development Bank of India (SIDBI) with an initial amount of 10,000 crore rupees.
- Creation of a corpus of 5,000 crore rupees for credit guarantee through National Credit Guarantee Trustee Company (NCGTC).
- Handholding support for borrowers with comprehensive support for pre loan training needs, facilitating loan, factoring, marketing etc.
- Web Portal for online registration and support services will be provided.
Under the scheme, 1.25 lakh bank branches will provide loans up to 1 crore rupees to SC/ST and women entrepreneurs. Thus it will help in creating 2.5 lakh entrepreneurs throughout the country.
Tags: Government Schemes • National • Stand Up India Scheme • Women Empowerment
MHA constitute Madhukar Gupta committee to suggest ways to tighten security along Indo-Pak border
The Union Ministry of Home Affairs (MHA) has constituted high-level committee to suggest ways to tighten security along India-Pakistan border.
The committee will be headed by former Union Home Secretary Madhukar Gupta. It will suggest (i) ways to strengthen the security along the India-Pakistan Border and (ii) address the issue of gaps and vulnerability in border fencing.
Terms of References of the Committee
- Study all types of gaps in the fencing and all other vulnerabilities along the India-Pakistan border.
- Suggest a comprehensive approach to fix them on interim and permanent basis. It will submit its report in three months i.e. till June 2016.
Background
MHA decision to constitute to this committee comes after two terrorist attacks in Punjab. First was in July 2015 on Dinanagar police station in Gurdaspur district and second was in January 2016 on strategic Pathankot airbase.
In both attacks terrorists from Pakistan had infiltrated into India from Pakistan after beaching the India-Pakistan border in Punjab especially the riverine stretch.
Tags: Internal Security • Madhukar Gupta Committee • National • Persons in News
Vishwanathan Anand to be honoured with Hridaynath Mangeshkar Award
Five-time world chess champion Vishwanathan Anand (46) will be honoured with the Hridaynath Mangeshkar Award.
Maharashtra State Governor C Vidyasagar Rao will bestow award upon him at an event to be held in Mumbai on April 12, 2016.
About Vishwanathan Anand
- Born on December 11, 1969. He is an Indian chess grandmaster and a former world champion. He became India’s first grandmaster in 1988.
- He held the FIDE World Chess Championship from 2000 to 2002 and became the undisputed world champion in 2007.
About Hridaynath Mangeshkar Award
- Established in 2011 by Mumbai- based socio-cultural organisation Hridayesh Art in the honour of music composer and singer Hridaynath Mangeskar.
- The award felicitates and recognises successful individuals across the country from various walks of life. It carries monetary award of Rs 2 lakh and a memento.
- Hridaynath is the son of renowned musician Deenanath Mangeshkar and is younger brother of Indian music legends Lata Mangeshkar and Asha Bhosle.
- The previous recipients of the award include eminent personalities like Lata Mangeshkar, Asha Bhosle, Amitabh Bachchan, Hariprasad Chaurasia and A R Rahman.
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